"The world's largest oil companies — ExxonMobil, Shell, Chevron, BP, and ConocoPhillips — will begin to announce their third-quarter profits for 2012. In the first half of 2012, these companies — all ranked in the top 10 of Fortune 500 Global — earned over $60 billion.
The oil industry reinvests tens of millions of these dollars for political purposes, including nearly all political contributions to Republicans, lobbying, and campaign ads.
Through its enormous spending, these five and other Big Oil companies have fought to maintain $4 billion of their annual subsidies, while seeking to undermine clean energy investments."* Cenk Uygur breaks down this ridiculous perversion of the free market and looks into how oil companies are getting their tax breaks and spending their money.
By: Ripper727
In: Politics
Tags: oil, politicians, tax, profits, Exxon Mobil, Shell, Chevron, BP, Conoco Phillips, The Young Turks, GOP, republicans, big oil, 2012
Location: United States (load item map)
Marked as: approved
Views: 662 | Comments: 12 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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Capitalism sucks doesn't it??
Although I agree the tax breaks should be reeled in but what most people don’t know is drilling and exploration isn’t cheap.
I fly in the oil and gas industry, some of the drilling rigs I fly to operate on a $200,000.00 a day budget plus helicopter fees….NOT CHEAP.
So, this dirtbag isn't giving you all the real numbers just what makes the Dems look good.
Posted Oct-29-2012 ByGulf Flyer (1946.14) 
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And green energy gets billions of guaranteed loans (that will never be repaid because they're all going banckrupt) to line the Obama campaign coffers.
Posted Oct-29-2012 Bytsnwi (292.60) tsnwi View Channel Send Message
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@tsnwi
Your point doesn't make the subject of controversial oil company subsidies null.
Posted Oct-30-2012 Byimmamoron (154.64) immamoron View Channel Send Message
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And who's the biggest ass kisser of the oil companies ?
Republicans.
Posted Oct-29-2012 Byhighsociety (2151.40) 
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@highsociety
Green Activist Al Gore accepts $100M of big oil money,Sells Current TV to Al Jazeera
http://www.liveleak.com/view?i=cd6_1357231383
Posted Jan-3-2013 ByBob_Lablaw (698.98) 
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@Bob_Lablaw I agree bob gore is a slim ball i never liked him but repubs are suck up's to big oil look at there list of donors.
Posted Jan-14-2013 Byhighsociety (2151.40) 
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yet, Obama spent 50 years worth of oil subsidies on failed green energy companies, in under 4 years.
Posted Oct-29-2012 Bynickgj83 (419.26) 
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@nickgj83
Your point doesn't make the subject of controversial oil company subsidies null.
Posted Oct-30-2012 Byimmamoron (154.64) immamoron View Channel Send Message
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entitlement mentality,socialism for the rich.
Posted Oct-29-2012 Bystixtoo (125.10) stixtoo View Channel Send Message
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