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To: philsfan24
government subsidies need to stop for oil companies.

What are the subsidies?

4 posted on 09/29/2005 11:51:21 AM PDT by Cobra64
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To: Cobra64
I want to know that too.

Best I've heard of is the occasional tax break (reduction). Production taxes, lease sales, federal/state royalties, 'windfall profits' taxes, transportation taxes, fuel taxes, permit fees, reclamation bonds, etc., etc., etc.

The industry is one of the few taxed on par with tobacco, but it is taxed from prospect to the gas tank.

SO what are the subsidies?

Ethanol? NOT oil.

24 posted on 09/29/2005 12:24:42 PM PDT by Smokin' Joe (How often God must weep at humans' folly.)
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