Tell Congress: End oil subsidies

[nmbluesky]

As Americans continue to struggle with outrageous, unstable gas prices, big oil companies continue to benefit from them.

Exxon Mobil announced Thursday a first-quarter profit of $10.6 billion — a 69% increase from last year, and a number so astronomical, Exxon executives felt the need to issue defensive statements in advance.1 Also unveiling massive earnings were Shell ($6.3 billion, up 30%), ConocoPhillips ($3 billion, up 44%), and of course, BP (7.1 Billion, up 16%). In all, the five largest oil companies have reaped nearly $1 trillion in profits in the last 10 years.

But more outrageous than jaw-dropping oil company profits, is the fact that our government actually rewards these companies with even more of our money for maintaining this disastrous system — to the tune of $4 billion a year in tax credits and subsidies. It's time for that to end.

Tell Congress: End oil subsidies. Click here to automatically sign the petition.
http://act.credoaction.com/campaign/end_oil_subsidies/
http://act.credoaction.com/campaign/end_oil_subsidies/letter2.html?id=20196-4014518-K5Vw2qx

[L. Coyote]

1. rec

[sinkingfeeling]

2. Done. n/t