Who pays when the US Navy has to escort the oil tankers? YOUR pet duck?btw, oil companies receive no welfare nor subsidies
the president insisted that lawmakers should vote in the next few weeks to repeal oil industrys $4 billion federal subsidies.
Obama had already demanded that Congress repeal the oil industry subsidies on three occasions before Thursdays request. Each time, the proposal was defeated following heavy industry lobbying
Once again, oil is sold on the world market.
Last year oil production increased a meager 0.01 mbd.
That doesn't offset the reduced production from Europe alone (0.3 mbd less).
Quit beating this dead narrative.
btw, oil companies receive no welfare nor subsidies and pay a lot of taxes.