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America's Most Obvious Tax Reform Idea: Kill the Oil and Gas Subsidies

2013-03-20 16:06:00| Climate Ark Climate Change & Global Warming Newsfeed

Atlantic: When Saudi Arabia's longtime oil minister, Ali Al-Naimi, opens his mouth, the world listens. Yesterday, during a speech in Hong Kong, he delivered a message that U.S. policy makers in particular would do well to take note of. The days of $100-a-barrel crude, he told the crowd, are here "for the foreseeable future." If he's right, one thing that shouldn't be around for the foreseeable future are the outdated tax credits that protect oil and gas companies, which will be plenty profitable in a world...

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