26 Apr '11, 6pm

I'll always look back fondly at those 12 whole hours when Boehner stood up to Big Oil.

In 2005, President George W. Bush, a former oilman, explained that the profit potential in the oil industry drives exploration, not the subsidies: “With $55 oil we don’t need incentives to the oil and gas companies to explore. There are plenty of incentives.” Bush added, “What we need is to put a strategy in place that will help this country over time become less dependent.” Okay, he opposed such a strategy all his life, and he was never going need Big Oil to help him run for office again, but still. The GOP Speaker of the House just had an equally rare moment of candor on oil subsidies, but it didn’t last long, as Brad Johnson reports (with video): House Speaker John Boehner (R-OH) has conceded that their multi-billion-dollar subsidies should be on the negotiating table. Under tenacious questioning by ABC News reporter Jonathan Karl about “obscene” oil industry profits an...

Full article: http://climateprogress.org/2011/04/26/boehner-subsidies-b...

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