The old saws being tossed around about the need to tax oil out of existence are just the usual Green envy dressed up in a transparent climate change fraud.
Pathetic.
https://oilprice.com/Energy/Crude-Oil/The-Truth-About-Oil-and-Gas-Subsidies.html
"The article explains that oil companies primarily receive tax breaks, not direct subsidies, and these tax breaks are similar to those given to other industries.
Oil companies contribute billions of dollars in various taxes and employ millions of people, significantly contributing to the economy.
The debate around subsidies should include all energy sectors, including renewable energy, to ensure a fair and balanced approach to energy policy."
"When most people hear the word subsidy, they imagine the government handing over large sums of money to corporations. However, what oil companies receive are tax breaks—similar to those granted to many other industries. These tax deductions allow businesses to recover costs related to production, infrastructure, and operational expenses.
A true subsidy is when the government directly hands money to a company. A tax deduction, on the other hand, simply reduces what a company owes—just like how individuals deduct mortgage interest or student loan payments from their taxes."
