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Speed Trap: Big Oil Profits From High Gasoline Prices

Business  (tags: Big Oil, politics, gas prices, lies, corruption, energy, economy, consumers, corporate, dishonesty )

- 1931 days ago -
The big five oil companies invested nearly $50 million of their abundant bounty to lobby Congress in 2012. They spent nearly $8 million on federal campaign contributions, with Republican candidates receiving $4 for every $1 donated to Democrats.

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Elizabeth M (65)
Wednesday February 6, 2013, 4:49 pm
It really gets to me personally that these Big Oil Corps would get subsidies of any kind. Also using money more or less to buy candidates in an election is just plain wrong.These companies have done more damage to different countries around the world and have never been made to clean up their messes. And the increases at the pumps effect everyone, but especially makes it hard for those on limited budgets.

Theodore Shayne (56)
Wednesday February 6, 2013, 5:01 pm
Why are these and other huge firms getting bailouts at all. They should have been allowed to sink or swim on their own. America might have bitten the bullet a little harder but the market and the nation would have been a lot stronger.

Kit B (276)
Wednesday February 6, 2013, 5:05 pm

After reading that I need a shower. If we stop the subsidies than prices will increase as the OIL companies cry "too big to jail or is that fail (?)" . The only way we get real relief is to force alternative energy, and that will mean sweeping changes in the way we live. No more "drill - baby - drill" we will be saying sun, baby sun. Wind, solar, and water energy are possible now, we just need the will and force of the people to make it happen.

Hartson Doak (39)
Wednesday February 6, 2013, 6:38 pm
The State of Hawaii is on it's way to cutting off the oil teat.

Terry V (30)
Wednesday February 6, 2013, 7:24 pm


JL A (281)
Wednesday February 6, 2013, 8:32 pm
Why aren't those subsidies history already? What answers has the new monitoring of the oil and gas commodities markets found?

Carol H (229)
Thursday February 7, 2013, 5:45 am
noted and agreed!!!! thanks Carrie

Gene Jacobson (290)
Thursday February 7, 2013, 6:00 am
Gasoline here has gone up nearly 70 cents a gallon since the election. Most of that in the last two weeks. Those fools are price gouging like no other industry in the history of our country. They do NOT need subsidies, they have more money than God could spend now. And they don't spend it wisely.

Past Member (0)
Thursday February 7, 2013, 8:28 am
Terrible and what do they do with the profits...nothing good for the environment that they exploit and damage :o(

Melania P (122)
Thursday February 7, 2013, 9:37 am

Jason S (50)
Thursday February 7, 2013, 2:52 pm
Good posting, thanks
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