What subsidy? It ended what, 2 or 3 years ago.
Yes, it isn’t a subsidy, but it IS a MANDATE.
Refineries are forced to use the stuff. It essentially produces the same result, a government intervention to use something that doesn’t work very well in the first place.
What subsidy? It ended what, 2 or 3 years ago.
***************************************************
INFORMATION FOR THE LOW-INFORMATION VOTERS AMONGST US:
There exist federal government MANDATES which have the same qualitative EFFECTS on the economy that SUBSIDIES do -—but, from a quantitative perspective, their effects are FAR LARGER THAN SUBSIDIES. Both MANDATES & SUBSIDIES cause YUUUUGE (maybe that’s why Donald likes them) distortions in the economy and cause it to be less efficient than would be the case under actual FREE Enterprise and an actual MARKET Economy.
SUBSIDIES & MANDATES pick winners & losers. People and products become “winners” when they would otherwise be “losers” because a free people would not pick them and people and products become “losers” when they’d actually be “winners” otherwise.