Re:Oil Needs to Fall Below $20 to Compete With Green Alterna...
by navigatesol on Monday August 05, 2019 @07:52AM
(#20613323)
>Claiming that oil is subsidized is a tired trope.
Precisely. Energy of all types receive subsidies, and oil receives fewer subsidies per unit of energy produced than other types of energy. And, in most advanced nations, it's taxed at extremely high levels on the consumer side.
We need to reduce our fossil fuel use, we get it. But this idea that we only burn oil because it's subsidized is bunk. Oil (and coal) is cheap, regardless.
Precisely. Energy of all types receive subsidies, and oil receives fewer subsidies per unit of energy produced than other types of energy. And, in most advanced nations, it's taxed at extremely high levels on the consumer side.
We need to reduce our fossil fuel use, we get it. But this idea that we only burn oil because it's subsidized is bunk. Oil (and coal) is cheap, regardless.