I suppose it's possible to come up with such a number by including every income tax deduction that oil companies might take, like the salaries of their employees or capitalized expenses. Of course, every other business in America takes similar deductions, so it's not really a subsidy.
I understand your doubt and I'd love to know more about that number myself.
I suppose it's possible to come up with such a number by including every income tax deduction that oil companies might take, like the salaries of their employees or capitalized expenses. Of course, every other business in America takes similar deductions, so it's not really a subsidy.
There are a lot of ways that we subsidize other forms of energy though. How many military efforts and how much politics is involved with keeping the oil flowing from the mideast? There is a commercial on TV that says that if you do drugs you may be subsidizing terrorists. That same commercial could easily be done showing that if you use gasoline you are subsidizing terrorists.
Natural gas and coal seem to be the only ones that don't get subsidized very much.