Big Oil, revisited.

Pelosi posted some charts today – showing a quadrupling of oil rigs in the US under the Obama WH, and a record $137 billion in profits for Big Oil in 2011. While they get $4 billion in welfare.

Another point that Obama made yesterday bears repeating, US has 2% of the World’s Oil Reserves – and uses 20%. Domestic production will not solve the problem with rising oil prices set by OPEC and the Middle East.

Also, in the game of politics, the Oil Subsidy thing is yet another issue dragging the GOP down.


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