RE:Cutting Through All the NoiseExcellent summary as always Fantome! As to oil and gas subsidies in Canada the only real deduction is depletion which is equivalent to depreciation in other industries. For example if your reserves are 1 million boe, and it costs you 10 m to develop then every boe produced gives you 10 dollars of tax write off. We also have the SRED Grant's but this is peanuts. The greenies hue and cry over subsidies is a lie. I dont US tax law but I cant see Biden making big changes