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How are gas prices subsidized? I'm asking in good faith because I truly don't know.
by Always_Anon 3y ago
How are gas prices subsidized? I'm asking in good faith because I truly don't know.
- CamperBob2 3y agoA large chunk of the DoD budget, for one thing.
- toomuchtodo 3y agohttps://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subsidies-a-closer-look-at-tax-breaks-and-societal-costs https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subs... https://en.wikipedia.org/wiki/United_States_Fifth_Fleet https://en.wikipedia.org/wiki/United_States_Fifth_Fleet
- InitialLastName 3y agoOne way: The US government's policy of "encouraging" countries to sell their crude in USD (in a "nice country you've got there, shame if something happened to it" way) keeps them in effective control of the price of oil. The last time someone tried to sell in Euros instead [0], the US DOD spent more than $1,000,000,000,000 [1] proving their willingness to back up that threat. [0] https://www.theguardian.com/business/2003/feb/16/iraq.theeuro https://www.theguardian.com/business/2003/feb/16/iraq.theeur... [1] https://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_War https://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_War