Thursday, January 27, 2011

Tackling the Big Oil Subsidies: The Numbers

Some numbers to ponder as we wait to see if President Obama's call to end big oil subsidies by the federal government (borrowed from our kids' future earnings/taxes) has any chance of becoming reality:

So what do all these donations get the oil and gas industry?
Not a bad return on their investment, is it?

1 comment:

Anonymous said...

I agree, the subsidies which China gives to big oil to keep their auto manufacturuing industry working must end. A gallon of gas in China is about 25 cents, this allows average Chinese to buy and run a car. If we stop our subsidies here, I think China must be forced to as well. There is no way we should allow cars to be manufactured in China with huge oil subsidies and sold here for $5000 or less.