Sequestration - good, bad, or indifferent?

[BaltimoreSkins]

Originally Posted by firstdown

I've heard of farm subsidies but never heard oil subsidies. Your saying we are paying companies to not drill oil? Also you keep seperating welfare into food stamps when its much more then that. Its extends into education, health care, housing, etc...

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.