Why exactly are we subsidizing the oil industry by the tune of $4 billion dollars a year, when the oil executives themselves already testified that they don’t need our subsidies. And especially when oil companies are making billions in profits a year, and more especially when prices at the gas pump getting higher by the day?
Why are we doing it? Because Republicans wont allow this loophole to end, that’s why.
Below, watch and listen to the executives themselves as they tell Congress they don’t need our stinkin’ $4 billion subsidy!