varusword75 wrote:
As opposed to you actually linking "friends of the earth" as though it were a credible source.
It's a credible source for an upper floor. I doubt that Friends of the Earth is understating the subsidies since that would go counter to their efforts to stop subsidizing oil companies. They might be overstating it but that would only strengthen my point that Gbaji is an idiot who has no idea where this money is going and therefore claims that "Oil subsidies are really money given for exploration since we won't let them dig!"
Either way, it's win-win for me. Their numbers sound reasonable though set against the potential savings for amortizing the payments further. If we were giving away $20bil in exploration subsidies, you'd see a hell of a lot larger savings for stretching the amortization to seven years than one billion dollars over a decade.
Not that any of this matters anyway since you're just making your usual pouty noises rather than trying to enrich your understanding. No big worries.
Edited, Mar 24th 2011 11:29am by Jophiel