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Subsidizing Record Profits

During the summer of 2008 when the cost of oil skyrocketed and the national average price of gasoline reached over four dollars per gallon, that did not prevent the oil giants from raking in record...

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Pelosi Calling Boehner’s Bluff

As previously noted, Speaker of the House John Boehner hinted at the possibility of ending the subsidy of Big Oil yesterday, but following those remarks he immediately walked things back and pointed...

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Exxon-Mobil Profits Explode

Its a wonderful day in the neighborhood for Big Oil. HOUSTON (Reuters) – Exxon Mobil Corp’s quarterly profit rose a better-than-expected 69 percent as the world’s largest publicly traded oil company...

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More Exploding Profits for Big Oil

Today is another wonderful day for Big Oil. In addition to Exxon-Mobil posting a 69% increase in profit, Shell posting a 22% increase in profit, and BP posting a 17% increase in profit, Chevron has...

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One Subsidy Down. More to go.

Good news — The Senate voted to end ethanol subsidies today in a vote that was actually quite bi-partisan. WASHINGTON (Reuters) – The Senate voted 73 to 27 on Thursday to wipeout billions of dollars in...

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Under-Reported Good News

Congress failed to renew the subsidy for corn-based ethanol before leaving D.C. for the holidays. When the U.S. Congress adjourned for the holidays on Friday, December 23, its departure sealed the fate...

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