Tuesday, May 17, 2011
Big Oil Gets Big Help
Recently, executives of some of America's largest oil companies were called before the U.S. Congress to explain themselves. These hearings were largely for show, but the point was this: Our five largest oil companies showed 1st quarter profits of $30 billion. And these same Big Oil companies receive over $4 billion in annual tax credits and subsidies.
Rep. Joe Barton (R-Tex), who infamously apologized to BP officials last summer, opened the hearing by offering his opinion that it was unfair to refer to these gigantic corporations as "Big Oil". You prefer "Tiny Oil", Joe? What a douchebag.
The CEO of Conoco Phillips told the assembled Congressmen that ending all these taxpayer handouts to the oil industry would be "un-American". Really?
Well then, Buster is ready to be un-American. These fucks clearly don't need our help.