Oil subsidies are not popular and will be with us for at least 1 more year. I think the government should almost never subsidize an industry. When the government subsidizes it takes money from working people and spends it to pick winners and losers in the market. The exceptions for me are when short term market interests go against long term US interests, or when market results are socially unacceptable. And some of these subsidies individually make sense. Still for the most part I would like to see these hand outs phased out. The source article is from ethanol.org and is trying to make the argument that ethanol subsidies are small compared to oil subsidies. There is a list of 26 state oil subsidies, which I may write a future post on. If you want to end big oil subsidies too click here.
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Oil subsidies are not popular and will be with us for at least 1 more year. I think the government should almost never subsidize an industry. When the government subsidizes it takes money from working people and spends it to pick winners and losers in the market. The exceptions for me are when short term market interests go against long term US interests, or when market results are socially unacceptable. And some of these subsidies individually make sense. Still for the most part I would like to see these hand outs phased out. The source article is from ethanol.org and is trying to make the argument that ethanol subsidies are small compared to oil subsidies. There is a list of 26 state oil subsidies, which I may write a future post on. If you want to end big oil subsidies too click here.

Source: ethanol.org