11 May '11, 11pm

Democrats Seek to Strip $21 Billion in Subsidies from Big Oil. Do You Think It Will Happen?

And it's not like the Democrats are noble champions of the cause or anything -- they were originally planning to use the subsidies to fund clean energy development, which would have been a worthy investment. Now, they've maneuvered the measure to try to put the GOP in a tight spot (the whole deficit-reducing strategy), but lopping of $21 billion in subsidies over ten years won't exactly change much of anything in the long run. It's a drop in the bucket. That said, it's a start -- private oil companies shouldn't be getting subsidies at all. We have better uses for taxpayer revenue.

Full article: http://www.treehugger.com/files/2011/05/democrats-seek-st...

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