Comments on: Subsidies to the Oil Industry – Can anybody give any specifics? http://pennbradoilmuseum.com/oil-industry/subsidies-to-the-oil-industry-can-anybody-give-any-specifics Thu, 18 Nov 2010 12:02:59 -0500 http://wordpress.org/?v=2.8.2 hourly 1 By: g http://pennbradoilmuseum.com/oil-industry/subsidies-to-the-oil-industry-can-anybody-give-any-specifics/comment-page-1#comment-3922 g Tue, 24 Nov 2009 23:19:59 +0000 http://pennbradoilmuseum.com/oil-industry/subsidies-to-the-oil-industry-can-anybody-give-any-specifics#comment-3922 this is a Republican point of view talking about the Dem congress cutting oil subsidies... http://www.cato.org/pub_display.php?pub_id=7066 if you want to go digging around in the fed budget for the actual line items... go crazy... but I'm not that bored... the congress and the president sure do talk about them a lot for something that you don't think exists though<br><b>References : </b><br> this is a Republican point of view talking about the Dem congress cutting oil subsidies…

http://www.cato.org/pub_display.php?pub_id=7066

if you want to go digging around in the fed budget for the actual line items… go crazy… but I’m not that bored…

the congress and the president sure do talk about them a lot for something that you don’t think exists though
References :

]]> By: granddad1070@sbcglobal.net http://pennbradoilmuseum.com/oil-industry/subsidies-to-the-oil-industry-can-anybody-give-any-specifics/comment-page-1#comment-3921 granddad1070@sbcglobal.net Tue, 24 Nov 2009 23:03:59 +0000 http://pennbradoilmuseum.com/oil-industry/subsidies-to-the-oil-industry-can-anybody-give-any-specifics#comment-3921 Oil Companies do get a few tax breaks. Like being able to write off the cost of their research into alternative fuels.<br><b>References : </b><br> Oil Companies do get a few tax breaks.
Like being able to write off the cost of their research into alternative fuels.
References :

]]> By: andy_desaya http://pennbradoilmuseum.com/oil-industry/subsidies-to-the-oil-industry-can-anybody-give-any-specifics/comment-page-1#comment-3920 andy_desaya Tue, 24 Nov 2009 22:45:59 +0000 http://pennbradoilmuseum.com/oil-industry/subsidies-to-the-oil-industry-can-anybody-give-any-specifics#comment-3920 it means govt helps the oil companies recover part of their cost like thru tax incentives ( tax credit, discounts or lesser tax ) and other grants that are within the sphere of govt regulation. in theory, this should prod the oil companies not to pass on to the consumers their cost thru higher oil prices at the pumps. but the govt can only subsidize so much and for a limited time. besides, govt money is people's money raised thru taxation so that tax money channelled to oil co. subsidies are basically taking it away from other public use like health, education etc. its like plugging too many holes in a leaking dam.<br><b>References : </b><br> it means govt helps the oil companies recover part of their cost like thru tax incentives ( tax credit, discounts or lesser tax ) and other grants that are within the sphere of govt regulation. in theory, this should prod the oil companies not to pass on to the consumers their cost thru higher oil prices at the pumps. but the govt can only subsidize so much and for a limited time. besides, govt money is people’s money raised thru taxation so that tax money channelled to oil co. subsidies are basically taking it away from other public use like health, education etc. its like plugging too many holes in a leaking dam.
References :

]]>