Saturday, February 25, 2012

Oil industry is prime example of crony capitalism

Oil companies receive $4 billion every year in taxpayer-funded subsidies, despite continually bringing in record high profits.

Meanwhile, gas prices are on the rise—just like they were this time last year—and the same people funding those subsidies are paying more at the pump for the gas they need to get to school and work.

Of course, the rise in gas prices in caused by US foreign policy toward Iran. Americans will pay more at the gas pump to maintain Israeli nuclear superiority in the Near East.

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