The low fuel costs associated with the low oil prices are also a boom to a cripled economy.
IF ever there was something government should subsidize or provide help too, it would be the energy market. But alas, this goes against the ideology.
Low energy prices makes America more competitive globally
Low energy prices puts more money in the pockets of the economic engine of America
Low crude prices hurts our enemies economically
Some tax incentives or subsidies to the energy industry would could keep driving production and energy until America took more of the saturated market share.
We don’t want government “help” for subsidies. That is always a loosing situation in the long run.
We need less government involvement in our energy production, not more.
We’ve been subsidizing energy prices for many decades.
We have paid billions and billions of dollars to protect supply lines of oil producers in the Gulf States (Arabia, not the US). They get their products to market without having to pay for the security necessary to do so. That security is paid for via taxes collected from United States taxpayers.
If the Gulf States had to pay the price to get their own products to market, the TRUE PRICE OF ENERGY would be borne by the consumer, WHERE THE PRICE BELONGS.
This sends incorrect information to the marketplace on the true price of energy. It subsidizes enemies of the United States through our own “Defense” spending and it undercuts US oil producers, since their prices are not subsidized by the US taxpayer.
Insofar as taxpayers who benefit from these subsidies, they are shafting their neighbors to get free stuff.