Why do they need to be subsidized?
Posted By Tina on May 2, 2009
Oil subsidizing?
This is a question that has been bothering me for the past couple of weeks. I was talking to an engineering student that goes to Princeton about the price of gas, and the need to find alternative fuel because of the ever increasing price of oil. He told me something that I had not heard before – he told me that the US government is subsidizing the big oil companies! He said it was complicated and he didn’t have time to explain it to me, but that he has learned at school that the US Government is subsidizing them! But that is one of the biggest reasons that alternative fuels have NOT been aggressively pursued!
WHAT ON EARTH????? If that is true, I think it is high time THAT stopped! George Bush has the gall the stand up in front of audiences and say that the only cure for high oil prices is for us to drill more for oil here in the US, but we are subsidizing the oil companies???? They make such a huge profit and pay their executives obscene amounts of money! The oil companies say the high price of gas is because of supply and demand! I think that we should stop subsidizing them and spend more money on alternative fuels, which would reduce the demand for oil, which would then reduce the price of oil.
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