Things are not always as the seem. This article is from Feb 2016 so its more than two years old. Better for us not to be deceived. In any presidential election year it is inevitable that candidates on both sides of the political spectrum will begin hailing or bashing tax breaks, subsidies, and regulations throughout the US business landscape. No business is more susceptible to these discussions than the Oil & Gas industry. Depending on the date and audience a candidate is speaking to, an observer will hear that the oil & gas industry is subsidized between $10 billion to $52 billion. Before we break down the numbers behind the claims, let’s first define subsidy. According to Dictionary.com subsidy can be defined four ways: a direct pecuniary aid furnished by a government to a private industrial undertaking, a charity organization, or the like. a sum paid, often in accordance with a treaty, by one government to another to secure some service in return. a grant or contribution of money. money formerly granted by the English Parliament to the crown for special needs. The definition does not claim that a subsidy is defined as not paying a certain amount in taxes. Continued https://www.forbes.com/sites/drilli...about-federal-oil-gas-subsidies/#3de210106e1c
Something not quite right about an influence cost ridden economy moaning that the fossil fuel industry is being unfairly treated...
