Bullboard - Stock Discussion Forum Petrotal Corp T.TAL

Alternate Symbol(s): PTALF

Energy Oil & Gas E&P

PetroTal Corp. is an oil and gas development and production company focused on the development of oil assets in Peru. The Company is engaged in the exploration, appraisal and development of oil and natural gas in Peru, South America. Its flagship asset is its 100% working interest in Bretana oil field in Peru's Block 95. Through its two subsidiaries, the Company is engaged in the ongoing... see more

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Petrotal Corp > Misguided Subsidies and Taxes

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Post by geezer21 on Dec 21, 2022 9:05am

Misguided Subsidies and Taxes

Subsidies and taxes do not solve supply/demand imbalances. They just make matters worse. Both England and Europe are subsidizing energy.

https://oilprice.com/Latest-Energy-News/World-News/UK-Breaks-November-Borrowing-Record-In-Attempt-To-Ease-Energy-Bills.html

Take a look at what subsidized gas is doing for Venezuela. They have lowest priced gas in the world the consequence of which there is insufficient monies being paid for gas to be able to fund the production of the gas.

https://www.reuters.com/article/us-venezuela-gasoline-feature-idUSKBN23E0QY

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