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Old 02-17-24 | 09:35 AM
  #408  
Koyote
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Originally Posted by Maelochs
Every US oil company gets major support from the US government... cheap leases, subsidies for exploration and development .......

https://www.budget.senate.gov/chairm...ng-the-danger-
https://www.investopedia.com/article...-subsidies.asp
https://www.imf.org/en/Blogs/Article...ord-7-trillion


Edit: Koyote, in post# 392, also lists credible information.
Yep, those are direct subsidies which obviously keep the prices of fossil fuels below their true levels. And as axelwik mentions, there are plenty of less direct subsidies -- which are subsidies nonetheless and hence also keep users' costs below their true levels -- one of the foremost is the huge external cost imposed on the planet, which is not factored into fossil fuel prices. Strange that smd4 referenced the copious emissions coming from his cruise ship and can't recognize this.

Here is a very brief summary of a recent study...But again, this fact (of the external costs keeping fossil fuel prices artificially low) has been widely understood and accepted for a looong time among people who actually study this stuff. You can get together economists and policy makers from across the ideological spectrum (like this group) and they will all agree on this.
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Last edited by Koyote; 02-17-24 at 11:42 AM.
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