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The Water Cooler
General Discussion
Oil Subsidies
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<blockquote data-quote="RidgeHunter" data-source="post: 1608790" data-attributes="member: 4319"><p>Oil is such a false market for a variety of reasons. Gas is HEAVILY subsidized by a good percentage of world governments. IE, they artificially keep fuel prices low, even while oil prices rise, which does nothing but push oil prices higher on the global market because cunsumption in those countries does not fluctuate with oil prices. Can someone tell me why gasoline costs less then stale dog piss in Venezuela? Anyone?</p><p></p><p>I don't think half you guys understand what a subsidy is or what it does. </p><p></p><p><a href="http://money.cnn.com/2011/08/30/markets/gas-prices/index.htm" target="_blank">http://money.cnn.com/2011/08/30/markets/gas-prices/index.htm</a></p><p></p><p><a href="http://money.cnn.com/2011/04/21/markets/oil_gas_prices/index.htm?iid=EL" target="_blank">http://money.cnn.com/2011/04/21/markets/oil_gas_prices/index.htm?iid=EL</a></p><p></p><p><a href="http://money.cnn.com/2011/02/21/news/economy/oil_prices_us_brent/index.htm?iid=EL" target="_blank">http://money.cnn.com/2011/02/21/news/economy/oil_prices_us_brent/index.htm?iid=EL</a></p><p></p><p><a href="http://www.propublica.org/article/despite-rhetoric-cutting-oil-subsidies-would-have-little-effect-on-gas-pric/single" target="_blank">http://www.propublica.org/article/despite-rhetoric-cutting-oil-subsidies-would-have-little-effect-on-gas-pric/single</a></p><p></p><p><a href="http://rff.org/RFF/Documents/RFF-IB-09-10.pdf" target="_blank">http://rff.org/RFF/Documents/RFF-IB-09-10.pdf</a></p></blockquote><p></p>
[QUOTE="RidgeHunter, post: 1608790, member: 4319"] Oil is such a false market for a variety of reasons. Gas is HEAVILY subsidized by a good percentage of world governments. IE, they artificially keep fuel prices low, even while oil prices rise, which does nothing but push oil prices higher on the global market because cunsumption in those countries does not fluctuate with oil prices. Can someone tell me why gasoline costs less then stale dog piss in Venezuela? Anyone? I don't think half you guys understand what a subsidy is or what it does. [URL="http://money.cnn.com/2011/08/30/markets/gas-prices/index.htm"]http://money.cnn.com/2011/08/30/markets/gas-prices/index.htm[/URL] [URL="http://money.cnn.com/2011/04/21/markets/oil_gas_prices/index.htm?iid=EL"]http://money.cnn.com/2011/04/21/markets/oil_gas_prices/index.htm?iid=EL[/URL] [URL="http://money.cnn.com/2011/02/21/news/economy/oil_prices_us_brent/index.htm?iid=EL"]http://money.cnn.com/2011/02/21/news/economy/oil_prices_us_brent/index.htm?iid=EL[/URL] [URL="http://www.propublica.org/article/despite-rhetoric-cutting-oil-subsidies-would-have-little-effect-on-gas-pric/single"]http://www.propublica.org/article/despite-rhetoric-cutting-oil-subsidies-would-have-little-effect-on-gas-pric/single[/URL] [URL="http://rff.org/RFF/Documents/RFF-IB-09-10.pdf"]http://rff.org/RFF/Documents/RFF-IB-09-10.pdf[/URL] [/QUOTE]
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