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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (374953)	3/24/2008 8:14:40 PM
From: Jim McMannis	Respond to of 1574180

They get subsidy for exploration. But the government cuts off the arctic and a lot of continental shelf. Meanwhile the ice melts and Russia's claim looks good. But they need big oil technology to develop it.

To: Road Walker who wrote (374953)	3/24/2008 10:17:10 PM
From: TimF	Read Replies (1) \| Respond to of 1574180

The government gets more from every industry than it gives. That's the nature of taxes. Its not the nature of an industry that is heavily dependent on subsidies. Also even if you (perhaps reasonably) ignore the general corporate tax that is paid by profitable companies in all industries, there is still the specific taxes on refined oil products. Drop the corporate income tax from consideration and the oil industry still feeds more money to government than government feeds to the oil industry. But the oil industry is "special". They get extra. Overall compared to other industries they get a special burden not a benefit.