Oil drilling and oil company profits have both hit all-time highs in America today. At the same time, gas prices are climbing back up to their highest levels in American history. The oil industry is still getting $4 billion a year from the federal government just in subsidies, with billions more awarded through tax breaks….
Tag Archive: BP
Papantonio: Obama Fails on Oil Subsidies
The same way that we have grown to expect the Republicans to ignore and change the science about issues like global climate change, we now have a White House who agrees to ignore the science that shows us that drilling 18,000 feet below the sea is inherently dangerous and can’t be done safely. But the…
Papantonio: The Truth About Oil Subsidies
Ring of Fire’s Mike Papantonio talks with Tyson Slocum from Public Citizen about the truth behind oil subsidies and the government’s other oil industry giveaways. Here’s a hint, that $4 billion number being thrown around by the media is only one-tenth of what they actually get from the government.
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