I guess I will be able to take some solace in all of this while I'm rubbing my democrat acquaintence's noses in s#it when they can't afford $6.00 or so for a gallon gas. "Hey, you guys are in charge, how come we're paying so much for gas now?"
So does the Fed Govt cut them a check to do this? Allowing someone to keep their own money rather then send it to the Govt is NOT a subsidy. A subsidy is when the Feds gives money from the Treasury TO a company. For example, we subsidies multi millionaire who happen to own farms. We actually give them money from the Fed Treasury. Allowing Oil Companies to not be taxes as much as they might be is NOT a "Subsidy"
"And the filth are not going to squeeze us by raising oil prices-just kill us all in our own beds? But if the filth do raise oil prices, our choices are to pay the price, or perhaps grind our economy to a halt, or grind our economy to a halt if we do pay the price. "
There is a solution to all of this.
Tomorrow, go in front of the UN and declare that unless Iran terminates its nuclear ambitions in the next 30 days, they will become a non oil producing country on day 31.
Scare the crap out of the Europeans and the Chinese. Then for the next 30 days float a drilling bill in Congress and make the RATS say NO over and over.
On day 31, take out Irans capacity to produce oil. I will gladly pay the extra buck or two to know that we are a bit safer and it will force the world to look at energy alternatives.