Obama Lays a Smack Down on (Some) Oil Subsidies

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Obama has been talking about Big Oil’s $4 billion in annual subsidies and its record profits everywhere he goes lately. I’ve mentioned his comments on this topic from 5 different speeches in posts over the last few weeks, I think. So, it’s not a huge surprise that he used his last Weekly Address to lay the smack down on Big Oil, but it’s still exciting.

However, always looking to take into account the full cost of tapping our various energy sources, I’ll just add the quick note that these figures don’t take into account the cost of wars focused on protecting our foreign oil supplies. Nonetheless, this is great messaging from the White House and a great issue to tackle. Here’s a White House post from today on this:

Zachary Shahan (2293 Posts)

I'm the director of CleanTechnica, the most popular clean energy website in the world, and Planetsave, a leading green and science news site. I've been covering green news of various sorts since 2008, and I've been especially focused on solar energy, electric vehicles, bicycling, and wind energy for the past few years. You can also find my work on Scientific American, Reuters, Think Progress, GE's ecomagination site, several sites in the Important Media network, & many other places. To connect on some of your favorite social networks, go to zacharyshahan.com or click on some of the links below.


  • Kcgatlarge

    Good stuff. In tallying total costs, don’t forget the costs of climate disruption. These are real costs, foisted on the public by our policy of free and unlimited carbon dumping.

    • http://cleantechnica.com/ Zachary Shahan

      Yeah, for some reason, the administration thinks it’s intelligent to ignore those now (in its communications at the least)