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> What does that alternate universe look like? Have all the billions of subsidies flow into renewables, battery and electric car tech, instead of oil? Today it
by deeviant 5y ago
> What does that alternate universe look like?
Have all the billions of subsidies flow into renewables, battery and electric car tech, instead of oil? Today it's slowly catching up, but we'd be decades ahead if we started decades ago.
Nobody is saying it all the fault of "evil CEOs", but it fair to point out evil CEOs and in general evil deeds by corporations.
- qeternity 5y agoWhen people talk about "subsidies" to oil, what they really mean is lower retail taxes for gasoline at the pump. This isn't for the benefit of oil companies, it's to placate voters, who want to pay less at the pump. It's not as if the US government is running around dropping truck loads of cash into insanely profitable businesses. And no, if gasoline had higher taxes, that would not be absorbed by the oil companies. It would be passed on to the consumer just like every increase in oil prices is. Gasoline has a very flat demand curve.