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iBoaterer[_3_]

In article ,
says...

On Mon, 29 Apr 2013 17:44:28 -0400, "F.O.A.D." wrote:

On 4/29/13 5:28 PM, wrote:

If this is such a great process, why does the government have to
subsidize every gallon by 60-70 cents?

Why does the government subsidize "Big Oil"?

Mostly to get them to exploit "old" wells here and reduce our imports
of foreign oil.
As a per gallon rate it is still minuscule compared to ethanol.
US oil production is about 2.3 billion barrels a year and a reasonable
guess on subsidies is $5B so it is about a nickel a gallon for the
crude, spread over whatever products they produce, from gasoline to
plastics and road tar.
You can't even include the military cost in North American oil
production subsidies.

Hooboy....