Re: how large is oil industry subsidy?

From: robert j. kolker (nowhere_at_nowhere.net)
Date: 09/24/04 

Date: Fri, 24 Sep 2004 14:52:39 -0400

Warble606 wrote:

>>
> But the question is, how large is oil industry subsidy?
> (in millions of dollars please)

One must factor in the dollar value of the oil depletion allowance.
Farmers are not given tax credits for the nitogen they deplete from the
soil but oil drillers are given a credit based on what they extract from
the earth.

Bob Kolker

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