Comment Re:Fucking rednecks (Score 2) 1030
Yes, a healthy portion of the subsidies could be considered tax breaks and write-offs. Part of the argument is that these tax breaks should not be in place for such a profitable industry in the first place. Our dear friend Wikipedia distills a few research reports that indicate a large percentage of subsidies also went towards credits for "non-conventional fuel generation" which I expect is mostly ehtanol and biodiesel, as well as direct compensation for exploration costs.
https://en.wikipedia.org/wiki/Energy_subsidies#Allocation_of_subsidies_in_the_United_States