Americans think when they fill up their gas tank that the price displayed on the pump is what they are paying. Many of these people also think they hate Socialism. Yet when they fill up their tank, they are benefiting from what comes down to Socialism.
Oil companies receive direct government subsidies from the federal government of roughly $38 billion a year. However, that’s not nearly all they get from the taxpayer.
Some oil companies have government contracts, federal, state and/or local. Some of those contracts are with the US military, the singular entity which uses more oil than any other entity on earth. More than all of Europe, the UK and all South American military organizations combined. You pay for that.
In many cases, oil tankers have military escorts for their security, whether the tanker is coming in or leaving. We have military vessels in the Persian Gulf and Strait of Hormuz, providing security for tankers that are not American owned, not delivering anything to or from America. You pay for that.
If a US oil company has a major spill or explosion anywhere in the world, our government pays for 90% of the cleanup. In fact, it does not have to be a US company. Remember BP with the largest oil spill in history? The fine levied on them paid for maybe 10% of the cleanup cost, the US government funded the rest. You pay for that.
When an oil company had a standoff with the Water Protectors over the DAPL using militarized police, you paid for that. Each time police respond to any protest against corporate interests of any kind, you pay for that.
When the government hands money to oil companies which the nation goes further in debt for, including the interest on national debt, you pay for that.
When our government spends trillions bombing other countries for decades for the sake of seizing that country’s resources, you pay for that.
Both major parties approved a tax cut for corporations, which they used to buy back their own stock. That’s still happening. You pay for that.
The thing to keep in mind is that oil subsidies are absolutely a form of Socialism. We all pay for the subsidies, even if a person does not drive or lives off the grid. In other words, they are not buying gas and oil yet they are paying for you to pay less at the pump. Which makes you a Socialist.
You subsidize low gas and oil prices for corporate fleets. You pay subsidies in the form of higher taxes on every dollar you earn, even if you get nothing in return. This helps corporations state higher profits and boost their stock prices. Rich investors and CEO’s get subsidies for their stock values and dividends. You pay for that.
No matter how you view it, this is welfare and Socialism for corporations and the rich. You insure the continued profits for them, no matter what the economy looks like, no matter how many workers they lay off. Capitalism for you, Socialism for them.
Add all the above to how much you pay at the pump and ask yourself how much you are really paying. What is the real price of that gallon of gas? You have no idea and neither do I. Nobody does because it cannot truly be calculated.
Even if you think climate change is not real, how is renewable energy looking now?