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The Water Cooler
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Oilfield Layoffs
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<blockquote data-quote="vvvvvvv" data-source="post: 2709207" data-attributes="member: 5151"><p>Yes.</p><p></p><p>My point was that the "subsidies" that everyone refers to are nothing more than normal tax credits and deductions available to all businesses on the production side and tax relief or assistance on the consumer side. In the case of fossil fuel industries, they have specific laws that limit what falls under those credits or deductions further than if they were treated as a normal business.</p><p></p><p>In other words, "big oil subsidies" is a political/media fiction.</p></blockquote><p></p>
[QUOTE="vvvvvvv, post: 2709207, member: 5151"] Yes. My point was that the "subsidies" that everyone refers to are nothing more than normal tax credits and deductions available to all businesses on the production side and tax relief or assistance on the consumer side. In the case of fossil fuel industries, they have specific laws that limit what falls under those credits or deductions further than if they were treated as a normal business. In other words, "big oil subsidies" is a political/media fiction. [/QUOTE]
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