Why are US taxpayers paying for billions of dollars in subsidies to oil companies?
Big Oil says that if this form of corporate welfare ended that Americans will pay more at the pump - as if Martian taxpayers pay it instead of you and me - including the bike riders who don't own cars!
A good question. Why is one of the most profitable industries still given tax subsidies by a broke federal government? These tax subsidies were created in different times decades ago when oil's price had crashed and the oil industry needed support to keep drilling. Now, they exist because the oil industry lobbyists keep greasing the palms of members of Congress. What a disgrace and affront to the capitialist system.
Political bribery! It's no different than a KICKBACK!
I think that this is proof that the USA is a facist country - that is - "by the corporates for the corporates." This America would be unrecognizable to our founding fathers.
BTW - Did you know that corporations at one time were not allowed to live forever as the undead, sucking up the life forces of workers?
The legal "person" status of corporations gives the business perpetual life - a real life vampire!
In 1844, the U.S. Supreme Court held that a corporation is "capable of being treated as a citizen of, as much as a natural person."
As I have pointed out...the intelligence level is America is severly lacking. Once a subsidy or a pork barrel operation is begun, it is is almost guaranteed that it will never end because it is last year's business or it is that part of the payoff the industry gets for pouring money into some Senator's coffers for re-election. If indeed there is an industry in America which can stand on its own two feet it must be oil and gas yet the American taxpayers have to subsidize it. Next in line is the environmental side with ethanol being sudsidized even though gas prices have reached a level at which ethanol should be competitive. At the same time, ethanol has been proved to be a worse carbon producer for the environment than gasoline if you put any stock in the carbon theory at all. Its all sex, lies, and video tape from my perspective. We need to shut it all down, recycle the circuit breakers and make a decision which one gets restarted and which one is over. That will never fly in Congress because it takes away power and prestige and that is all that really matters to most of those hypocrites riding up there on the public dole. WB
by Philip Cooper 8 years ago
If the G7 countries invested billions of dollars in Africa wouldn't poverty and hunger disappear?Wouldn't building roads, schools, houses, industries and teaching Africans to farm get rid of the poverty and hunger that exists in Africa today. Wouldn''t it open up new massive markets for the West or...
by Bieberella 13 years ago
Should the U.S. fork over hundreds of billions of dollars to poor countries so they can go green?Secretary of State announced Thursday at the Copenhagen Climate Summit that U.S. would give this money to help low-income people cope with climate change.
by Xenonlit 11 years ago
Should America take oil and gas subsidies and apply them to alternative power and fuel resources?Why American stubbornly continues to support a fossil fuel industry that is swimming in money from inflated fuel prices is a confounding issue.
by Cassie Smith 12 years ago
Congress should get rid of oil subsidies. Not only should we get rid of oil subsidies, we should tax it more. Let's all write to our senators and congressmen to get rid of oil subsidies and tax oil more and subsidize alternate fuels.
by Stump Parrish 13 years ago
How do we make sure this doesn't happen again you ask? Deregulate further and open more of the gulf to drilling. That could only makes sense to those in the oil companies back pockets.
by G. Diane Nelson Trotter 6 years ago
Last year, Dr. James Dobson said Donald Trump is a new convert. The practice is to mentor a new convert to maturity. I would think Dr. Dobson should speak to him about the lies documented in the NYT: T r u m p ’ s L i e sMany Americans have become accustomed to...
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