07 Apr '11, 2pm

Top 10 Dumb Things Glenn Beck Said About Environment: Grist #sej

Top 10 Dumb Things Glenn Beck Said About Environment: Grist #sej

In a far-reaching, data-driven, and damning feature for the Huffington Post, lead Washington correspondent Dan Froomkin explains why Obama has found it completely impossible to eliminate subsidies to oil companies . These subsidies amount to up to $90 billion over the next 10 years -- that's $90 billion that will be shouldered by every other taxpayer even as the oil and gas industry continues to chalk up record profits. Every time these enormous subsidies are at issue, the American Petroleum Institute argues that eliminating these tax breaks would threaten jobs. And yet the industry they represent has accrued a trillion dollars in profit (that's take-home, not gross) over the past decade, and will likely do significantly better in the next 10 years. $90 billion is less than a 10th of that amount. How did they do it? The oil and gas industry spent a billion dollars on lobby...

Full article: http://www.grist.org/list/#item-2011-04-06-in-honor-of-gl...

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