No, I don't. Without subsidies and policies aimed at increasing extraction, oil's historic price would be higher.
Sadly, those supposed subsidies? They don't exist (http://energycommerce.house.gov/sites/republicans.energycommerce.house.gov/files/Hearings/EP/20120913/HHRG-112-IF03-WState-HammH-20120913.pdf), or, to be clearer, aren't special to the oil sector (http://www.forbes.com/sites/davidblackmon/2013/01/02/oil-gas-tax-provisions-are-not-subsidies-for-big-oil/), at least not in the United States. Imagine if we did do what you thin, instead of taxing it on both ends and pushing hard not to expand drilling!
FTFY again. Needs are not wants.
Agreed. We need oil. The market knows how to address its needs better than the government does.
no subject
Sadly, those supposed subsidies? They don't exist (http://energycommerce.house.gov/sites/republicans.energycommerce.house.gov/files/Hearings/EP/20120913/HHRG-112-IF03-WState-HammH-20120913.pdf), or, to be clearer, aren't special to the oil sector (http://www.forbes.com/sites/davidblackmon/2013/01/02/oil-gas-tax-provisions-are-not-subsidies-for-big-oil/), at least not in the United States. Imagine if we did do what you thin, instead of taxing it on both ends and pushing hard not to expand drilling!
FTFY again. Needs are not wants.
Agreed. We need oil. The market knows how to address its needs better than the government does.