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Politics : Politics of Energy
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To: Hawkmoon who wrote (8841)6/2/2009 1:23:05 AM
From: Sam1 Recommendation  Read Replies (3) of 86356
 
The bottom line is that energy providers often receive subsidies because the overall benefit normally outweighs the costs.... As the article mentioned, the oil industry only receives subsidies worth 1% of their total profit. That is a percentage that is HARDLY an issue in my eyes, given what many competitors are receiving.

If the subsidies are so insignificant, then why take anything at all? The oil industry is mature, the supporting infrastructure is in place, we have had many decades of research into how to find it and make the refining and delivery system efficient. Meanwhile, peak oil as well as security and political instability in the major oil producing states are all concerns, even if you believe that climate change is a "hoax." It makes sense to subsidize alternatives in their infancy. Unless perhaps you believe that the alternative sources will never be economically competitive (something that I don't believe).
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