Wipe out the restrictive environmental requirements imposed by the US on only US industry and the market competion would be equal and the so called subsidization that is subject of this thread not likely even a topic of discussion...
As it stands now -we regulate an industry, tie one arm behind its back and expect it to compete with the world while we buy from the cheapest in the world --LOL -- short term we may be shouting whoopee as we save a few bucks now or patting ourselves on the back as we save a tree and other countries decimate forests; however, long term we are devastating our infrastructure, capital assets and capabilities as a nation...
Therefore, says DBeers, let's use billions of dollars of taxpayer money (that we don't even have, by the way) to provide liability coverage, free of charge, to the oil industry. How does that grab you? Have I lost my mind, billbears? Is this conservatism?