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.