March 18, 2012

Obama's Weekly Address: Ending Subsidies for Big Oil Companies

President Obama says that America needs an all-of-the-above energy strategy that invests in new technologies and ends the $4 billion in annual subsidies to oil companies that are earning historic profits.





This seems like a 'no-brainer' for me. Why do we continue to give these large oil companies $4 billion a year?

3 comments:

Reggie said...

They're making record profits, it's sure as hell not as if they need subsidies.

Villager said...

Reggie - I agree. So it boggles my mind that John Boehner and the boys from the GOP continue to fight in favor of these subsidies. What am I missing?

Villager said...

Reggie - I agree. So it boggles my mind that John Boehner and the boys from the GOP continue to fight in favor of these subsidies. What am I missing?