Letters: Oil industry doesn't need subsidies - East Valley Tribune: Opinion

Letters: Oil industry doesn't need subsidies

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Posted: Friday, May 13, 2011 10:30 am

 

I received a constituent email from Congressman Schweikert. It states: "I voted for HR 1230, a measure that overturned the Administration's blocking of oil and natural gas lease sales." What he didn't tell me, and the other constituents on his email list was that a yes vote on HR 1230 also meant the continuation of federal subsidies to oil companies, estimated to be between $2.7 billion to $4 billion annually.

The oil industry is the most profitable business in the world. While much of the economy has been in shambles, they have reaped astounding profits over the past 10 years. Their profits during this past quarter alone were the highest on record. Why, then, would the federal government need to subsidize oil companies?

Eighty-two percent of the Democrats in the House voted no on the bill because they couldn't find a reason for the subsidies to continue. But Congressman Schweikert, and all but a handful of Republicans, voted to continue giving billions in subsidies to oil companies. Didn't Schweikert and his fellow Republicans pass the Ryan budget cutting education and destroying Medicare due to a lack of funds? I think the Congressman and his fellow Republicans have some explaining to do.

Fred Barlam, Ahwatukee

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