posted on Jun, 22 2012 @ 02:00 AM
You want to know how all those billions of dollars in subsidies to the oil corporations are working out for America?
In 2002 it was recorded that oil corporations exported approximately 108,000 barrels of American sourced curde oil to foreign countries. Last year in
2011 that number amounted to more than 560,000 barrels of American crude, in the face of the energy crises this country has gone through:
How much in tax breaks, subsidies, have we given to oil corporations all in the hopes that they'd focus on American needs? Well it's estimated we
allow for $10 billion in subsidies to oil corporations on a yearly basis, money we could be investing toward research over viable alternatives like
Another estimate between 2002-2008 alone gave us $72 billion in subsidies made to oil corporations:
So what is the solution from the drill baby drill crowd? Do we continue to allow oil corporations to drill American lands for every drop of American
crude oil and just hope that they'll have the heart to care about the needs of Americans? Don't be silly. Oil corporations are private businesses at
the end of the day, they only care about the highest bidder, not issues of national concern.
To insist we solve the issue of cost at the pump
for families by giving more subsidies to these oil corporations to drill for more American crude, with no strings attached, is naive to say the least.
The evidence is all around us, is anybody willing to own up to reality?