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The second most expensive source of energy is misleading in terms of whole picture. They are using a theoretical cost per kwh generated. You have to account for the much higher infrastructure and systemic cost of electricity generation you can not control (wind/solar). You cant simply use wind or solar without pairing it with an controllable source like hydro, gas, coal or batteries. Which is why the world is still very much using gas and coal (and still building more). Renewables are a cheap and good supplement to these sources, you just cant replace them cheaply (yet).

Regarding "the most subsidized industry worldwide", this wikipedia article does not mention any tax revenue and taxation of these companies. Which are stil very often government cash cows and often pays much more taxes than other corporations. The subsidies are straight to citizen's gas tanks and heating bills.

"Subsidies are mainly on consumption,[3] such as a lower sales tax on natural gas for residential heating; or subsidies on production, such as tax breaks on exploration for oil."

In my country Norway for example, we have tax breaks on exploration to incentivize investment in exploration, but you have to take into account that these companies have an 80 corporate tax rate! In many petro states they are straight up nationalized companies.

by haaz6 hours ago|

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by Gomotono5 hours ago|

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The oil companies pull out oil from the ground, a non sustainable resource which also creates direct damage to our own planet due to it being consumed/burned.

This is a subsidie.

Wind and solar are cheaper than fossil fuels this is absolutly true. Plenty of people around me have solar panels on the roof, a heatpump and energy storage. They are independent of any oil company like shell (who earned great thanks to the oil shortage?!).

Your argument regarding cost was borderline a few years ago and it might still be borderline in countries were oil is very cheap and we still ignore any ecological impact and responsiblity but overall no oil is more expensive.

Btw. just that you are aware of: A Heatpump can make out of 1 energy unit gas more energy. A EV engine has an efficency ov 95-99%.

So everyone who just burns gas directly (ICE or heating at home) is wasting energy.

It would be more efficient if you would make that oil/gas into energy, use the process heat of it for remote heating and use the elictricty directly in an EV or for a heatpump.