Big Oil doesn’t need subsidies

Big OilLos Angeles Times: “Even if Congress can’t pass a bill to end them, those subsidies are worth focusing on. After all, we’re talking about somewhere between $10 billion and $40 billion annually (depending on what you count) in freebie cash for an energy industry already making historic profits.”

Exxon recorded $41 billion in profits. I don’t think we need to handout money to a company that is clearly on its feet and doing well.

One Reply to “Big Oil doesn’t need subsidies”

  1. So… this would lower gas (and heating oil) prices how, exactly? Hint: it wouldn’t. Also, let me now when you plan to advocate for the end of subsidies for all the so called green stuff.

    I’ll happily back the end of oil subsidies if it’s coupled with an end to subsidies for “green” energy. Let the market sort it out.

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