Today, Members of Congress have a simple choice to make: stand with big oil companies, or stand with the American people. President Obama spoke about that choice this morning from the Rose Garden:
Right now, the biggest oil companies are raking in record profits – profits that go up every time folks like these pull into a gas station. But on top of these record profits, oil companies are also getting billions a year in taxpayer subsidies – a subsidy they’ve enjoyed year after year for the last century.
Think about that. It’s like hitting the American people twice. You’re already paying a premium at the pump right now. And on top of that, Congress thinks it’s a good idea to send billions more of your tax dollars to the oil industry?
Here are five reasons to repeal oil subsidies:
Read more about President Obama's all-of-the-above energy strategy.