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Ensuring stability in the Middle East is a subsidy for fossil fuel consumers. It hurts the oil producers, which are the companies targeted by this bill. The war
by Aunche 4y ago
Ensuring stability in the Middle East is a subsidy for fossil fuel consumers. It hurts the oil producers, which are the companies targeted by this bill. The war in Ukraine is a good example of this as it's contributing to their record profits.
- Spooky23 4y agoMiddle East stability is a long term policygoal. The United States made Saudi Arabia one of the highest priority allies to avoid a repeat of 1973. On a long term scale, keeping the pumps going is good for the petroleum industry, as sustained high prices justify the capital expense for alternatives. Once you buy an electric car, you don’t really give a hoot about gasoline.