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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (339179)6/3/2007 2:30:09 AM
From: TimF  Read Replies (1) of 1572514
 
Getting less then other countries doesn't automatically equate with getting a subsidy. However if the price is dramatically less then what the free market price would be, its reasonable to say that effectively the drilling rights are subsidized. But determining what the free market price would be isn't really possible unless you actually have a free market, and we don't in these cases.

After considering everything its a little unclear, but it might be called a subsidy. OTOH taxes, fees and charges paid by oil companies, and/or paid on oil or gasoline almost certainly total more than the value of all subsidies the oil companies receive combined.
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