oil subsidies

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Obama Slams ... Rutherford B. Hayes

He dissed the telephone, thought 'backward'

(Newser) - President Obama has never shied away from attacking his Republican predecessors, but this time he's really going back a ways. Obama roasted our 19th president, Rutherford B. Hayes, for his "backward" thinking, Politico reports. "President Rutherford B. Hayes reportedly said about the telephone: 'It’s a... More »

Obama: Let's Stop Giving Money to Oil Companies

Energy policy continues to get big attention amid rising gas prices

(Newser) - President Obama again went on the offensive over rising gas prices today, notes ABC News . Speaking in New Hampshire, he told Americans to call their congressional representatives and demand they end the $4 billion subsidies to gas and oil companies. His takeaway line: “You can either stand up for... More »

Charles Koch: Why We're Against 'Crony Capitalism'

Koch brother stands up for his family's activism

(Newser) - With the heat intensifying around him and his brother, conservative fundraiser/oil tycoon Charles Koch penned an op-ed piece today to explain himself. “For many years, I, my family, and our company have contributed to a variety of intellectual and political causes,” he writes in the Wall Street Journal... More »

Oil Subsidies: US Tax Dollars at Work

Feds helps industry out every step of the way: 'NYT'

(Newser) - The feds have shaken BP down for $20 billion to pay for the Gulf cleanup, and they're looking to impose an industry-wide tax toward the same end—which is giving the industry fits. But it's worth noting, reports the New York Times in a detailed examination, that oil is one... More »

China's Thirst for Gaz-Guzzlers Boosts Oil Demand

SUV sales jump 43% over last year

(Newser) - While soaring gas prices are driving Americans to buy more energy-efficient cars, Chinese consumers are opting for gas-guzzling Buicks and Hummers, reports the Washington Post. China accounts for 40% of the world's recent increase in oil demand. There were few private cars in China 15 years ago, but today there... More »

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