Quote:
Originally Posted by BaltimoreSkins
We subsidize oil by leasing the land dirt cheap between $2-$10 per an acre. Pay for roads and infrastructure to drilling sites and provide free geological information via the USGS. In places where American companies are drilling in foreign countries we pay for security military or private. The estimate is if we quite using tax payer dollars for oil production the cost would be about $10/gallon. Obviously we are not an economy that could sustain prices that high so we need to have some oil subsidies to maintain the economy.
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Well if its tax payers money paying for all of that would it not be part of the economy. Another words whats the difference in paying higher taxes v/s paying higher gas prices? I would also guess the US leases it land cheaper because of the cost to drill in the US and the fact we are not an oil rich nation.