Big Oil Has Big Money And It Speaks Loudly In Congress

Big oil spent $146 million last year on lobbying Congress. They get a great return on that investment. Now they are funding ads that are critical of Obama's energy policy. The have an ad out with 4 lies about how the administration'e energy policies may lead the higher prices. The lobbying and advertising influenced the Senate to defeat an administration proposal to end subsidies to the oil industry which is having record breaking profits. The Senate needed 60 votes to pass the bill without a filibuster by the GOP. All of the GOP senators were opposed the ending the subsidy. I guess the don't view subsidies to big as inconsistent with their free market ideology. It also shows how concerned they are about cutting budget deficits. Eliminating the unnecessary subsidy would have saved the government over $2 billion per year.