Here's an idea about gas prices

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Rideback
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Here's an idea about gas prices

Post by Rideback »

In the US, the federal and state governments pay ~21 BILLION annually in subsidies to oil companies.
*21 BILLION DOLLARS*
In 2022, ExxonMobile made $5.5 BILLION in profit 1st quarter.
*5.5 BILLION DOLLARS IN PROFIT IN THREE MONTHS*
At this rate, Exxon alone will make over $30 Billion in profit this year.
So here's my idea: Immediately reduce subsidies by $1 billion for every penny over $2 at the pump.
And immediately eliminate all tax breaks for oil companies until the prices at the pump return to acceptable levels.
Use the resulting billions to install EV supercharging stations along all major arteries of the federal highway system and subsidize the EV industry.
Literally use the oil companies' obscene profits to put them the hell out of business and move America onto a sustainable and cost effective energy infrastructure.
(Stonekettle Station)
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