‘What we really need to do is eliminate all subsidies, fossil fuel’
Ie, the military protection for the Middle East that allows the flow of oil?
We subsidize for stability.
The trillions with a T spent on keeping that craphole middle east safe for tankers is a ridiculous subsidy i think.
The military is a common cost for society, not a subsidy to the oil industry. The assertion that military costs are subsidies to big oil is leftist speech.
The report focuses on developing countries. In this country, the oil and natural gas industries are not on balance subsidized. They are taxed, regulated, and restricted at every stage of production. The opposite is true. These industries are cash cows delivering a river of revenue to governments who take no risk in the production process.
Now the debate changes. For years ethanol was singled out and damned for being subsidized wherein gasoline was given a pass.
Now we know that gasoline and ethanol are both subsidized. The debate will be never ending as to relative degrees of subsidy, but now ethanol will not get all the blame.
Interesting that you point out that stabilizing he Middle East is a form of oil subsidy. I fully agree with you, but many do not.