Quote:
Originally Posted by Rick Lee
No, it's public welfare. Take those subsidies away and the price goes up overnight by a commensurate amount. Hey, I'm all for it. But it won't punish the oil companies one penny. It'll demonstrate to the public that they're really the ones being subsidized.
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So what you are saying is that the big oil companies are presently holding back on what
they could be charging for their product, simply because of the tax-breaks and royalty-free leases that the U.S. tax-payer provides them(??) Out of the goodness of their hearts? And that if their operating expenses went up, (w/o the expenses changing for non-U.S. companies), they could then adjust their prices to whatever point they desire and still sell as much?
I thought that you guys were always using the old supply/demand argument to explain the price of anything, what gives? You make them sound more like an oligarchy.
