[New Jersey Realist]

Won’t the oil companies just raise their prices????

[Bitsy]

Won’t the oil companies just raise their prices????

Maybe that’s what they are looking forward to.

[2harddrive]

There ARE no subsidies! He LIES. We deduct the cost of drilling wells as those costs are incurred. In the case of Intangible Drilling and Completion costs for smaller companies the costs are written off the moment they have no recoverable, ongoing valus.

[2harddrive]

But YES, we will raise proces if we are discriminated against by the US tax code. CERTAINLY we will.

[television is just wrong]

yes.

[BlueLandRed]

Well, yes

But, on the additional tax revenue will reduce the deficit.

I think ALL subsidies should eliminated and the government should stop picking winners and losers.