NO!!!We should subsidize domestic production - 3Fingas
No more government subsidies of private industry. Not even for the ones that pays my wages.
If you want to harm private business, just ask the government to help them.
I dont like the idea of a subsidy, but this would be a good time to consider a $5 tariff on Eastern Hemisphere oil. Just enough to make domestic production marginally more profitable. It would be worth it, IMHO, for the added stability it could lend to domestic oil production.It would make a difference at $50 per barrel, less so at $100. But it doesnt look like $100 per bbl is an imminent prospect anyway. And the more we keep our domestic production in business, the harder it will be in the future for the price to go stratospheric on us again.
Full disclosure, my ox is getting gored by the price drop. Which Im happy to see at the pump, tho . . . for myself but also for you.
No still no.
We do not need nor want the government to select the winners and losers in private industry.
We need our refineries and petrochemical industries as well. To make their feedstock more expensive than other countries will also cost jobs and investment in the US.
Stop looking for government to manipulate markets for your desires. We can compete with the rest of the world on our own.