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Latest Posts tagged with "oil subsidies"

Gas price myths from the Senate floor

While debating a bill that would repeal $2 billion in tax subsidies for Big Oil, S. 2204, United States Senators came to the floor to state their case. Unfortunately, those defending Big Oil’s perks decided to use well-worn myths and misdirection. It is important for American consumers to know what is true and what is more Big Oil spin. Here are 4 commonly mentioned myths that Senators used to defend the indefensible Big Oil tax subsidies: Read more

The truth behind $4 gasoline that Big Oil doesn't want you to know

High prices at the pump in Washington DC

Credit: Paulo Ordoveza

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Report: ‘Energy Independence’ thwarted as U.S. oil and gas heads overseas

Credit: Lens Envy, flickr creative commons

These days the phrase ‘energy independence’ has become code for drilling  our wild public lands. But what some may not realize is that oil and gas from our wildlands is not staying in the United States. As it turns out, the oil, gas, and coal that is drilled and mined from right here in the U.S. is actually leaving American shores to fuel cars and furnaces in places like Europe, China, and India. Read more

For Now, Big Oil Clings to Subsidies

Deepwater Horizon relief well platform

Credit: Courtesy USCG

Oil companies already drill — and spill — on some of America’s most sensitive wild lands. Do they really need taxpayer money to do it? Most of the American public doesn’t think so — according to a recent NBC News/Wall Street Journal poll, nearly three fourths of Americans support ending subsidies for oil companies. Read more