Earlier quoted context omitted.
Where are you getting the $420 billion per year in oil subsidies? US oil companies pay among the highest corporate income tax rates on the planet. Their taxes far exceed subsidies they receive. $600 billion by comparison is the size of the US military and $420 billion is larger than the sales of Exxon + Chevron + Conoco + Occidental + EOG + Anadarko combined. It's an absurd claim.
I was quoting Wikipedia: https://en.wikipedia.org/wiki/Energy_subsidies > The study found that "China was the biggest subsidizer in 2013 ($1.8 trillion), followed by the United States ($0.6 trillion), and Russia, the European Union, and India (each with about $0.3 trillion)." > The study found that oil, natural gas, and coal received $369 billion, $121 billion, and $104 billion (2010 dollars), respectively, or 70% of…
Over 60 years.