"Totally false. The only thing major oil companies ever get remotely close to a subsidy is accelerated tax depreciation for capital expenditures. And of course, most other industries also use the available tax law and some pay no taxes at all!! Major oil companies pay income taxes at approx. 37%. Do your homework."


That's not totally true, some (most) of the big oil companies enroll in the Pick program. Land that has never been farmed but some how slips in as land set aside as farm land. Oil companies have the largest % of land in the Pick program. Yes the Pick program is a subsidy. Not to start an all out war on this forum over high gas prices. But there is much more to it than supply and demand curves. And yes I did graduate from college with a business degree.

What does this have to do with high gas prices, nothing, just another example of how Big Oil is making money off tax payers.

Brian

Always looking for SKELLY items.