If that’s the case, then what’s Cruz saying to the oil donors behind closed doors to get them to toss the big bucks their way?
Could it be that he’s going to keep up oil subsidies?
What promises has he made?
We don’t know. We’ll never know.
All we know is that the oil companies are buying *something* from Ted Cruz.
I’ll challenge you on the claim that the oil industry receives any form of subsidies. No, Ted Cruz’ position on ending mandates plus forced subsidizing for unreliable and expensive alternatives leaves a free market to compete in..that’s a logical choice. You sound like a leftist...there is an ideological war on oil, natural gas and coal. A modern economy cannot function, our daily lives couldn’t function, without that energy and you should support a free market that makes that energy cheap and abundant.
No, but feel free to continue making crap up.
What oil subsidies?
Name them.
The oil industry leases mineral rights on Federal land and offshore, those mineral rights go up for auction and different oil companies bid for the rights to explore and drill wells.
In the event the Federal Government actually issues the necessary permits to build the location, road, and to drill the well, and that well is successful, the Federal Government gets paid a royalty percentage of the oil produced.
That is essentially the same deal private mineral rights owners get.
The biggest difference is that when you are dealing with the Federal Government for rights of way for pipelines and roadways there are several more studies which are required to be conducted and permits to obtain before actually running a pipeline or road. (That is the reason there is significantly more gas flared on BLM locations than private ones, because of the additional difficulty in getting a pipeline run to get that raw wellhead gas to a processing facility where it can have the natural gas liquids, water, and other contaminants removed so it can be pipelined out to market.)
The oil patch isn't getting any subsidies. Instead you have cheaper gasoline and natural gas today because we fought the Government's attempts to ban hydraulic fracturing (an 80 year old industry).
On the other hand, ethanol is mandated as a fuel additive, and that is a subsidy--but that just creates headaches for refiners and fuel distributors, and costs us all money.
Cruz did say he would do away with the ethanol mandate.