Obama Lays a Smack Down on (Some) Oil Subsidies
March 26th, 2012 by Zachary Shahan
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:
[repostus hash=79291b506e09c6fece5a096eb65a577a title=Invest%20in%20a%20Clean%20Energy%20Future%20by%20Ending%20Fossil%20Fuels%20Subsidies host=The%20White%20House short=18dLE]
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About the Author
Zachary Shahan is tryin' to help society help itself (and other species) with the power of the typed word. He spends most of his time here on CleanTechnica as its director and chief editor, but he's also the president of Important Media and the director/founder of EV Obsession, Solar Love, and Bikocity. Zach is recognized globally as a solar energy, electric car, and energy storage expert. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in.
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