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A comment on Flood of Oil Is Coming, Complicating Efforts to Fight Global Warming. Parent comment

Re:Flood of Oil Is Coming, Complicating Efforts to Fight Glo... by jdjdjjsjs on Monday November 04, 2019 @08:11AM (#21441270)
This is also exactly correct. The actual reason is that fossil fuels are highly subsidized in most developing countries, so the only impact this has is in reducing the subsidies paid by the government exchequer.
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Re:Flood of Oil Is Coming, Complicating Efforts to Fight Glo... by eej71 on Monday November 04, 2019 @08:57AM (#21441615)
Not sure I understand how they can be both highly subsidized and yet highly taxed at the same time.
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Re:Flood of Oil Is Coming, Complicating Efforts to Fight Glo... by option_greek on Monday November 04, 2019 @10:04AM (#21442252)
Some sections of society might be subsidized (poor, inputs to fertilizer industry etc) but overall the price of gas is quite high (India: $4.18 per gallon, Brazil: $4.30). Its almost at same level as California and without any activism.

During the oil highs of 2011-2012, prices reached as high as $5.5 per gallon.

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Re:Flood of Oil Is Coming, Complicating Efforts to Fight Glo... by SuoDuanDao on Monday November 04, 2019 @09:26AM (#21441885)
extraction companies are taxed or owned outright, end products are subsidized.
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Re:Flood of Oil Is Coming, Complicating Efforts to Fight Glo... by eej71 on Monday November 04, 2019 @09:51AM (#21442133)
Sounds like it will just net out.
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Re:Flood of Oil Is Coming, Complicating Efforts to Fight Glo... by SuoDuanDao on Monday November 04, 2019 @10:38AM (#21442591)
Only if you tend to use as much as you produce. If you're a net exporter, it pays for a lot.
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Re:Flood of Oil Is Coming, Complicating Efforts to Fight Glo... by PeterisP on Monday November 04, 2019 @01:22PM (#21444616)
Developing countries generally can't afford to subsidize fossil fuels. The only developing countries where fossil fuels are highly subsidized are the few countries with substantial domestic oil production e.g. Iran and Venezuela, not most of them.
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