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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Amy J who wrote (24393)10/9/2004 5:29:31 PM
From: Wyätt GwyönRead Replies (1) of 306849
 
Why don't they 'subsidize' oil prices, by giving people interest-free loans to buy gasoline.

oil is already subsidized--all our military involvement in the ME (other than Israel) is to secure oil supplies. the entire Iraq war and colonization attempt is about securing oil supplies. also, US has very low gas excise taxes compared to Europe, etc.

not to mention the very costly highway infrastructure which is paid for primarily through taxes, as opposed to toll roads.

so, US must be considered the world leader in oil and gas subsidies already.

And while we're at it, they also could eliminate any taxes on dividends earned from oil investments - just to help give the oil industry an extra special nudge up.

unlike high tech Ponzi schemes with fake pro forma earnings, the oil industry makes real money, so they don't need any "extra special nudge up".
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