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Oil companies already drill—and spill—on some of America’s most sensitive wild lands. Do they really need taxpayer money to do it?
For Now, Big Oil Clings to Subsidies
Seeded on Wed May 18, 2011 10:45 PM EDT
Article Source: The Wilderness Society- Enjoy this article? Help vote it up the 'Vine.
- Public Discussion (3)
According to the federal government's Energy Information Administration, the average cost to produce a barrel of oil in the United States is approximately $30—yet with the current market, a barrel of oil costs around $100. This means that oil companies pocket about $70 for every barrel sold, passing the costs on to the consumer.
- 1 vote
#1 - Wed May 18, 2011 10:45 PM EDTWhen you say "subsidy" is this money that the federal government gives to oil commpanies, or are the "subsidies" actually tax incentives, which means they get to keep more of the money that they earn? If the taxes are raised on these oil companies, who will pay these taxes? Businesses don't pay taxes, the taxes are built in to the cost of their products, therefore whoever buys their product pays the taxes.
- 1 vote
#2 - Thu May 19, 2011 3:31 AM EDTYou're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
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