I could cite countless Oil and Gas industry documents detailing the subsidies, that they call subsidies when explaining to investors and shareholders why certain projects will cost less then the full sticker due to subsidies and Terry will refuse to agree. He will push that those executives are just lying and he knows better, and those are not subsidies. to save you all the length i will just post one and note Terry will say this was not a subsidy despite what you see Republicans and the industry calling it...
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Sen. Bob Menendez (D-N.J.) introduces the Repeal Big Oil Tax Subsidies Act, which would end $2.4 billion in tax breaks for the big five oil companies. Obama challenges Congress to “eliminate this oil industry giveaway right away.” Unable to get filibuster-proof support, it dies.
Mitt Romney says oil subsidies go “largely to small companies, to drilling operators and so forth.” He says he’d consider cutting them—if tax rates were slashed first.
The American Petroleum Institute launches a $3 million postelection media blitz, including ads that warn seven Democratic senators up for reelection in 2014 against touching the industry’s tax breaks: “American energy—not higher taxes on energy—will create jobs.” |
[td]2012[/td]
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There simply is nothing Terry will admit is a subsidy in fossil fuels. he will say gov't, corporate executives and bankers a like are just lying leftists.