""$2.4 Billion: subsidies to the Big Five producers debated and defeated in the Senate in 2011 and 2012
The Repeal Big Oil Tax Subsidies Act, sponsored by Senator Menendez (D-NJ) was debated and defeated by the Senate for two years running, and would have eliminated $2.4 billion in annual tax deductions for the five major oil companies: BP, Exxon, Chevron, Shell and ConocoPhillips.
Although the move would have been an initial step, it’s just the tip of the iceberg. So called “independent” oil companies are hardly small businesses. Major integrated oil companies also include Occidental, Amerada Hess, Marathon, Murphy Oil and dozens of others. Together, these companies produced 53.5 percent of U.S. oil in 2009.""
All fossil fuel subsidies are ONLY available to fossil fuel producers, you moron!!
That's why they're called fossil fuel subsidies!!~
But I agree that all subsidies be eliminated.
Identify one specific subsidy available to the oil industry and not to other industries.
ALL subsidies should be eliminated.