The Senate continues the unconsionable tax breaks for big oil. Last quarter profits for Exxon of $10.7 billion and 30 billion for 2010 are apparently not enough to keep them in business! The Big 5 gouged us for $35 billion in the first quarter.
The political power of oil makes a mockery of democracy! I am pleased that Michigan's Senators voted against continuing the tax breaks.
And Big Oil is using high prices to exploit the environment by lobbying for permission to drill off shore, etc. all in the face of the recent blowout in the Gulf.
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1 comment:
This one twins with your "Still don't get it" post earlier.
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