Fuel subsidies overseas take a toll on U.S. - GoFuckYourself.com

xmas13 · 07-28-2008, 02:52 AM

http://www.iht.com/articles/2008/07/.../28subsidy.php

"From Mexico to India to China, governments fearful of inflation and street protests are heavily subsidizing energy prices, particularly for diesel fuel. But the subsidies ? estimated at $40 billion this year in China alone ? are also removing much of the incentive to conserve fuel.

The oil company BP, known for thorough statistical analysis of energy markets, estimates that countries with subsidies accounted for 96 percent of the world's increase in oil use last year ? growth that has helped drive prices to record levels."

There won't be many articles like this one because Europe and the US are world leaders when it comes to subsidies.

07-28-2008, 02:52 AM	#1
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	Fuel subsidies overseas take a toll on U.S. http://www.iht.com/articles/2008/07/.../28subsidy.php "From Mexico to India to China, governments fearful of inflation and street protests are heavily subsidizing energy prices, particularly for diesel fuel. But the subsidies ? estimated at $40 billion this year in China alone ? are also removing much of the incentive to conserve fuel. The oil company BP, known for thorough statistical analysis of energy markets, estimates that countries with subsidies accounted for 96 percent of the world's increase in oil use last year ? growth that has helped drive prices to record levels." There won't be many articles like this one because Europe and the US are world leaders when it comes to subsidies. __________________ ICQ 557504926