It's a subsidy that goes to the entire oil company, right? Oil companies are making record profits.
We're also looking at resources that, as I mentioned, my children and our children's children would like to have access to. Why are we subsidizing businesses so we can have this blowout sale of limited resources when fifty years from now they'll all be gone, and they'll be worth a lot more but we won't be able to sell them any more for much higher prices? It makes no sense to subsidize a rapid depletion of limited resources.