|Photo from Cnn. the middle CEO is from Conoco Phillips
In the history of companies on our planet, there has never been a more profitable industry, ever, than today's oil companies. These subsidies were instituted when the price of oil was less than 50 dollars a barrel. Today with prices well over a 100 dollars a barrel oil companies need tax payer subsidies? Really? We're cutting Head Start and nutrition programs for low income families and these guys need a 4 billion dollar subsidy every year?