Side Note: Oil Company Subsidies

I haven’t blogged in a long, long time!  And I’m not typically political.  But it is worth a read here to start understanding the full cost of fossil fuels – it’s not just what you pay at the gas pump.  Funny how no one is specifically picketing Oil Companies…they get “bail outs” through their federal government earmarks to the tune of $122 Billion annually – yes, that’s Billion with a “B”.  If you count the money the US Government spends safeguarding our oil interests abroad, that number can eek up to almost $160 Billion – yes, again with a “B”.

A group of 35 Congresspersons sent a letter proposing to end these subsidies to the Congressional budget “super committee”.  You can view the letter here.  You might want to write your own letter to the Committee to urge them to pay attention to the Congresspersons letter as they brainstorm spending cuts.

Leave Your Comment

Name*
Mail*
Website
Comment