Start A Petition

Tell Congress: End Oil Subsidies


Business  (tags: big, oil, money, politics, subsidies, gas, prices, consumers, americans, business, corporate, welfare )

Tom
- 2965 days ago - act.credoaction.com
The five biggest oil companies earned a massive $30 billion in first-quarter profits, a 38% increase from last year. As Americans struggle with record gas prices at the pump, Big Oil continues to receive billions in tax breaks and subsidies.



   

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Comments

Linda H (199)
Friday May 6, 2011, 6:14 pm
Noted,signed and posted to FB thanks Tom
 

Ralph R S (56)
Friday May 6, 2011, 6:42 pm
Signed.
 

Zconstruction X (13)
Friday May 6, 2011, 7:38 pm
Noted and signed!
 

Cheryl B (64)
Friday May 6, 2011, 8:47 pm
thanks for telling the world
 

Ginger Strivelli (20)
Saturday May 7, 2011, 6:48 am
I just posted this to my facebook...not that it will help to spread the word. The GOP is a puppet of big oil (big insurance companies, big every other greedy corporations.) and the DEMS won't stand up to the GOP and go after the robber barons.
 

T. A. H (39)
Saturday May 7, 2011, 7:21 am
I agree with Empress Ginger (Comment below) BUT -- that's why WE ARE HERE. We have a voice and the power to make meaningful changes -- so Sign, Sign, Sign and blast it all over your Twitter/Facebook/Email accounts.
 

Gail G (2)
Saturday May 7, 2011, 7:23 am
Tom,
Tthis is a good idea, but I need to explain ONE of the subsidies and tax breaks to oil companies. Saudi Arabia is a friend to us in the Middle East, one of very few, and one of the ways in which we keep them our friends, as we do many other friends in the international political community, is to help them financially and other ways as needed. For example, when Iraq back in 1990s almost moved into Saudi country via Kuwait, which had Iraq succeeded in furthering their ultimate goal of stealing oil in the region, would have meant Sadam Hussein would have controlled almost all the world's oil, in which I can imagine him hiking costs so high that he would try to ruin the U.S. and Free World's economy. Since the Saudis were not able to defend themselves properly against one of the largest militaries in the world, they asked us to help them militarily, which we did in Desert Storm under the command of the amazing General Schwarzkopf.

So, when oil goes up, which Saudi Arabia is part of OPEC, and they get kickbacks, their friendship in a very troubled region is one of the reasons why. If we were to suddenly end what we contractually promised them, we stand to lose their friendship. Perhaps this is not the most honest politics, but it works in today's world. What DOES make oil go down is the natural capitalist laws of supply and demand, which demand goes down when prices get too high, which causes prices to go back down. So, until the world can fully use diplomacy to prevent war, we live under the spectre of nuclear annialation, and to me, I'm willing to allow tax breaks to big oil to keep the peace. After all, in the end, it is Middle Eastern oil we are buying for the most part, and they can do whatever they want about raising prices, and if we were to end subsidies and tax breaks, they could respond in a most devastating way by raising oil to certain countries in order to destroy them, or denying friendship in time of war, and so forth.

In addition, I must point out that we should have gone green with fuel long ago when President Carter told us to, and when much of Europe did at that time, some of their countries as a result import ZERO oil today, so high prices don't affect them. Would that we would have gone that way when we had the chance. Our President Barack Obama is pushing very hard for green fuels, he is setting up the foundation and structure for these changes, and THAT is what we should support to have the most effect of putting money for oil back into our pockets to make our daily lives here more comfortable. In other words, keep our President in office for another term, and speak loudly to him about continuing with supporting green fuels.

I'm just SAYING that there are many complexities to the way our government works within the international community, and I for one would not want to disturb, for example, the Saudi friendship we have, especially while our troops are still in Afghanistan, and while our ally Israel still has not signed a peace agreement with the Palestinians, and while we still need oil. Therefore, I cannot sign the petition, as well-meaning as it is. But I will vote for our President to have another term, so he can continue the amazing, brave and visionary work he has begun in his first term. GG
 

Sheryl G (359)
Saturday May 7, 2011, 7:24 am
We've reached 82% (205,559) of our 6th NEW goal of 250,000 signers! Help us get there by telling your friends:
Great Country if you are already rich, a criminal, or heartless. Seems the money just flies to your door. Just don't be poor, elderly, disabled, or the child of some working stiff making $30 grand a year.
 

Dan(iel) M (25)
Saturday May 7, 2011, 7:28 am
Noted & Signed!!!!
 

David C (75)
Saturday May 7, 2011, 7:38 am
We could take the oil subsidy money and spend it on wind/solar/wave/thermal/geothermal and other non-polluting energy sources and then they would become more accessible, cheaper and our pols/businesses would be more motivated to support it...
 

Amena Andersson (187)
Saturday May 7, 2011, 7:51 am
Noted and signed. No more outrageous welfare for the despicable oil barrons.
 

Simone D (1462)
Saturday May 7, 2011, 10:29 am

Thank you Tom!
 

H Nick H (1826)
Saturday May 7, 2011, 1:21 pm
Noted and signed. It's crazy to give these corporations any money with the outragous profits they are making on the backs of all Amerians. The reason it stays on the books is all the bribes and payoffs to our congress (mostly republicans but a few blue dog democrates). IT'S TIME FOR THIS TO STOP.
 

Glenda J (158)
Saturday May 7, 2011, 2:05 pm
This is only going up as we speak.. Oh yeah they push it back some and raise it up more real sweet like were not suppose to notice what there doing to our hard earned cash.
While they feast the Greed in their lined pockets..
We all shall prevail !
 

Alice B (241)
Saturday May 7, 2011, 2:38 pm
@GG and R Burgher - guess what: we do no have a "friendship" with Afghanistan. Uncle Sam is systematically murdering ordinary Afghani people while collaborating with entrenched corrupt creeps whose own people hate them. Same old strategy Uncle Sam is hooked on & has used since the nation's inception. Here's a better thing to ponder: when you say "we" who are you talking about? Are you lumping yourself in with some of the worst war criminals and torturers in the history of humankind - e.g. the Pentagon/CIA & their crapitalist bosses? If so then you need to know that those folks don't consider you part of *their* "we"/group. You're just a chump they can use. The proof of that is the water you drink & the air you breath - let alone the "food" you eat. CHECK IT OUT: "WE THE PEOPLE" MEANS THE F*CKED-OVER PEOPLE OF THE WORLD - NOT THE GREEDY SH*TEBAGS WHO ARE WORKING OVERTIME TO KILL OFF THE REST OF US.
 

Niechele Gambill (5)
Saturday May 7, 2011, 2:43 pm
Signed! Thanks Tom!
 

Olive Tassell (7)
Saturday May 7, 2011, 2:44 pm
Again U.S. only, but this is a Canadian issue as well and teaming up for all the support we can get to stop Government subsidies from these massively rich companies. Tax payers are watching monies that could be going to social programs and education being wated on fat cats it has got to stop.
 

wendi huffman (4)
Saturday May 7, 2011, 3:36 pm
noted & signed!
 

Maryanne C (111)
Saturday May 7, 2011, 5:22 pm
signed and noted,thanks
 

Robert B (55)
Saturday May 7, 2011, 5:26 pm
The time has come to end wasting OUR taxes on big oil companies. The time has also come to vote out the politicians that accept money from big oil.
 

Brinda Davis (61)
Saturday May 7, 2011, 5:33 pm
signed and shared!!!!
 

Tracey D (9)
Saturday May 7, 2011, 5:56 pm
signed
 

Past Member (0)
Saturday May 7, 2011, 6:33 pm
We have to progress further with wind, solar, and biodiesel so that we can cut our dependence from crude oil. The benefits of this will be no more fossil fuels, no more dependence on the Middle East, and an end to corrupt U.S. politicians receiving bribes from major oil companies. The majority of Republicans (if not all), along with some splineless Democrats need to be shoved out of office!! It's my dream to see the Green Party and Democratic Socialist Party take over in the future, but I'll keep on dreaming. It will come true someday! Noted and signed!! Thanks Tom.

GG and R Burgher ~ We cannot trust Saudi Arabia as a friend.75% to 80% of the 911 terrorists were from Saudi Arabia. SA did not make any effort to track down OBL, probably because he's a fellow Arab. They are just as corrupt as some of our U.S politicians. All they are interested in is our money for their oil. Purely business, nothing personal. But doing business with Saudi Arabia is like doing business with Bernie Madoff.
 

Past Member (0)
Saturday May 7, 2011, 6:41 pm
GG and R Burgher ~ I do agree with you that we should have gone green way back when Jimmy Carter was President. Unfortunately, the U.S. is just not as progressive as they should be. Many of our European friends are centuries ahead of us.
 

Susan Pernot (75)
Saturday May 7, 2011, 7:09 pm
Signed and noted.
 

Jayne Braby Bethard (4)
Saturday May 7, 2011, 7:32 pm
Signed w/ a special note to each of my congressional agents telling them their constituents are having a difficult time keeping food on their tables and gas in their tanks - the multi-millionaires running the oil companies don't need ANY financial assistance!
 

Marilyn K (50)
Saturday May 7, 2011, 7:43 pm
Noted & Signed! Once again this goes back to the problem of Campaign Finance Reform. If each candidate were given a specific, set amount of government money to campaign and were not allowed to accept contributions from anyone the entire tide of attitude would change as they would not be beholden to anyone but the ones they represent.
 

William Y (54)
Saturday May 7, 2011, 8:22 pm
signed & noted
 

Carole K (195)
Saturday May 7, 2011, 8:42 pm
Signed. TY, Tom!
 

Israel Valdez (0)
Saturday May 7, 2011, 8:55 pm
signed
 

Helen Rose (30)
Saturday May 7, 2011, 9:08 pm
Signed and Shared...Thank you
 

Eternal Gardener (734)
Saturday May 7, 2011, 10:40 pm
Signed & forwarded, thanks!
 

Ruth R (246)
Saturday May 7, 2011, 10:56 pm
noted and signed
 

pam M (98)
Sunday May 8, 2011, 1:39 am
Noted and signed. We shouldn't have to sign petitions to get our representatives to do what's right. It's common sense, which I guess ain't so common anymore (Doc Phil)
 

KS Goh (0)
Sunday May 8, 2011, 2:11 am
Thanks for the article.
 

Veronique L (209)
Sunday May 8, 2011, 2:32 am
Thanks for the article!
 

DobieMax WoBib (15)
Sunday May 8, 2011, 6:56 am
Noted
 

Edward M (8)
Sunday May 8, 2011, 7:16 am
I wonder whether there are any more corporate subsidies awaiting disclosure.
 

Phillip I (67)
Sunday May 8, 2011, 7:24 am
This campaign isn't really likely to go anywhere. The oil companies buy the politicians at great cost, the subsidies are their rightful, entitled kick-backs. Our whole system will fail catastrophically before that happens.
 

Nelson Baker (0)
Sunday May 8, 2011, 8:26 am
Signed. You won't see any Republicans voting to end the oil company subsidies.
 

Debra Van Way (12)
Sunday May 8, 2011, 9:14 am
Signed and noted. Reamed my so call state "reps" while I was at it because the 2 republicans and 1 democrat are so far up big oil/coals rears the if big coal or oil yawned you would be able to see WV reps noses.
 

Rand Martin (27)
Sunday May 8, 2011, 10:26 am
Signed and noted. It is good to live in a state where I can ride my motorcycle 95% of the time, or my bicycle if I so desire.
 

Kit Barth (1)
Sunday May 8, 2011, 11:10 am
Tax breaks, kickbacks, different spelling, samething. The laws make it leagal, nothng will ever make it moral. SIGNED!
 

Esther S (45)
Sunday May 8, 2011, 11:30 am
http://www.americanthinker.com/2011/05/about_those_oil_subsidies.html

They are not giving oil companies like Exxon subsidies. They are allowed to deduct the costs in their business just the same as all companies are before they figure the tax on their incomes. They also get a credit for the taxes that they have to pay to other countries because they do business in other countries and have to pay a tax there also. That is how all companies are treated and it is fair. I even read that most of the money Exxon made came from outside of the U.S. Exxon also showed how they made just a few cents on each gallon of gas that Americans buy because they have to buy a lot of the oil at those high prices before they turn it into gasoline. . More money is collected by the Federal and State governments from the taxes on the gasoline that people buy in this country than what Exxon collects in profit per gallon in this country. Also over the years Exxon has spent a lot of money finding new sources of oil. If they didn't do that, the price of oil would even be higher because there would be a big shortage of oil. Unfortunately for Exxon some countries run by dictators take over the oil after Exxon finds it but it is still available for sale.
 

Robert O (12)
Sunday May 8, 2011, 11:47 am
Thanks. The subsidies need to stop. Don't reward the bad guys.
 

Dianna M (16)
Sunday May 8, 2011, 12:40 pm
While we're at it, could we pretty please make it illegal for Wall Street to "speculate" with the gas & oil prices?
 

Roger G (148)
Sunday May 8, 2011, 2:23 pm
thanks
 

Alicia N (87)
Sunday May 8, 2011, 3:12 pm
signed!
 

Cindy Black (61)
Sunday May 8, 2011, 3:41 pm
GG and R Burgher: While I agree with many of your points, giving SUBSIDIES to corporations that make BILLIONS in profit while we struggle to put a few bucks' worth (1 gal) of gas in our cars -- MAKES NO SENSE! It is insulting and infuriating. Let the US Govt find some other way to ensure our "friendship" with the Saudis (there is much to put this "friendship" into question). A second reading of your informative post sheds no light on how these SUBSIDIES to the OIL COMPANIES help the Saudis fend off their enemies militarily.
 

Cathy K (0)
Sunday May 8, 2011, 7:37 pm
AS THE OIL COMPANIES BRAG ABOUT THEIR IMMENSE PROFITS, HOW IN THE WORLD CAN "ANYONE" THINK IT IS MORALLY CORRECT/THE RIGHT THING TO DO TO HAND THEM MONEY THROUGH SUBSIDIES!!!
 

Anna M (3)
Sunday May 8, 2011, 10:59 pm
Signed. I hope it makes a difference.
 

Shirley S (187)
Monday May 9, 2011, 12:29 am
Noted & signed
 

Esther S (45)
Monday May 9, 2011, 5:49 am
I repeat that our government was not giving subsidies to Exxon. Allowing them to deduct their expenses (payrolls, equipment etc) from their income is not a subsidy. All companies are allowed to deduct their expenses from their regular income and pay taxes on their net profits. I read that Exxon actually paid billions in U.S. taxes last year.
 

Pamela D (16)
Monday May 9, 2011, 7:07 am
If big oil needs subsidies; let their shareholders pay for them. They have done nothing for the american economy, they are only interested in profits. You get what you give; end all taxpayer money and tax credits to big oil!
 

Esther S (45)
Monday May 9, 2011, 8:33 am
Pamela, over the years, Exxon has put a lot of work and money into searching for and finding new sources of oil. That has done a lot for the American economy because if they had not done that the price of oil would be much much higher than it is because we would really have a terrible shortage of oil. I also repeat that they showed that they only made a few pennies per gallon of gasoline sold in the U.S. The Federal and State tax on each gallon of gas a person buys is a lot more than the amount of money that Exxon made in profits in the U.S. They showed that most of the money they made in profits came from outside of the U.S.
 

donald Baumgartner (6)
Monday May 9, 2011, 12:42 pm
Signed!!
 

Elvira S (82)
Monday May 9, 2011, 1:20 pm
Our world is terribly corrupt. When will the PEOPLE be able to decide for the future? As long as we are giving the power to money hungry oil barons and their supporters in government we are wasting precious time to find other energy solutions and are robbing future generations of a livable planet.
Subsidies to big oil, I think I'm feeling nauseous.
 

Esther S (45)
Monday May 9, 2011, 2:02 pm
Elvira, Exxon was not getting subsidies. Exxon paid the U.S. billions of dollars in taxes.
 

Past Member (0)
Monday May 9, 2011, 2:11 pm
Signed 2 times for the 2 of us. Noted
 

Charlene Rush (2)
Tuesday May 10, 2011, 9:49 am
WHITE MALE POWER!

For those who have sympathy for Big Oil, you have _MY_ deepest sympathy.
What makes them exempt from liability to the people and the land they destroyed? They want it all!
Can anyone tell me, who gets it ALL, but Big Corporations and the all-powerful?
 

Dana W (9)
Tuesday May 10, 2011, 2:59 pm
noted and signed
 

Richelle R (62)
Tuesday May 10, 2011, 3:17 pm
Love the sign, don't like oil companies. signed. Thanks Tom.
 

Animae C (509)
Tuesday May 10, 2011, 4:10 pm
signed
 

Esther S (45)
Wednesday May 11, 2011, 6:34 am
Charlene, I know that over the years Exxon had spent a lot of time and money searching for new supplies of oil. If they had not done that, we would have had a big shortage of oil and the price of oil would be much higher than it is now. I also know that the price of oil is determined by people who bid on barrels of oi. Right now they are afraid of what will happen to the oil in the Middle East because of all that is happening there now and that is why the cost of oil has risen so much. I also know that in many countries around the world, dictators have seized oil that had been owned by Exxon. Now the dictators own that oil.
 

Shelly Peterson (213)
Monday May 23, 2011, 8:56 pm
Signed!
 

Carol H (229)
Monday June 13, 2011, 6:56 am
signed and noted
 

Cheree M (46)
Sunday August 7, 2011, 7:48 am
Noted & Signed, TY
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