House Democratic Leader Nancy Pelosi used Exxon Mobil Corp.'s first-quarter profits to again call for ending subsidies to big oil companies, escalating the already-intense war of words over energy policy.
Earlier Thursday, the oil giant said its profit rose 69% to nearly $11 billion in the first quarter, as $100-a-barrel crude prices helped the company's bottom line reach levels not seen since 2008.
Pelosi, like President Barack Obama earlier in the week, said oil companies don't deserve tax breaks and that the U.S. ought to be investing in clean energy.
Pelosi poinces on Exxon for making 2 cents a gallon profit, while her feds garnished 18.4 cents per gallon and relentlessly refuse to reduce that tax. In the first quarter Exxon paid $10 Billion in taxes while federal government sweeheart GE paid $0 in taxes in all of 2010. The Federal government then waste those tax dollars on "green", useless energy initiatives that in reality are payoffs to Democratic butt kissers, while Exxon invests thier 2 cents into viable energy resources for America. Drain the Federal swamp. ASAP. |