Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Why aren't conservatives crying about how much government money Big Oil gets?

Here is a link:

Fortune 500 top ten. Top 4, three are Big Oil companies. Why are we subsidizing these companies?

No Con Bots only want uneducated workers, hungrier poor people, so they can get cheaper wages here, and not have to deal with Communist countries. Right!?

http://money.cnn.com/magazines/fortune/fortune500/

19 Answers

Relevance
  • Anonymous
    7 years ago
    Favorite Answer

    Good question. Bailing out corporations is no different from welfare, and conservatives are always bitching about socialism.

  • Part of the effect of the Obama recession is that I can no longer afford to keep a car on the road, so gas prices don't affect me very much. Big oil is too powerful, but I have to think that if Obama gets involved we will be mandated by law to buy gasoline even if we don't have cars. He would probably teach big oil a lesson the same way he taught the insurance companies a lesson, by increasing their profits at the expense of the American people.

  • Anonymous
    7 years ago

    Only in the Twisted Mind of a liberal Statist is passing up the opportunity to tax a business the same thing as Giving them money,.

    Go Ahead! Take the "subsidies" away from energy companies. and who will the price increases hurt the most? the rich liberal who drives a brand new prius?

    Or the poor working still that drives a ten year old beater?

  • ?
    Lv 7
    7 years ago

    -because they are not aware that big oil is being subsidized by the government, and that information is not readily available nor easy to understand even if they are aware. it is simply easier to focus and criticize the the other end of the economic spectrum.

  • 7 years ago

    And where do you get the claim of subsidies? This is a list of revenue and profit. Reading comprehension is not your strong suit.

  • 7 years ago

    Look at the profit margin on Exxon!

    Must be nice to post $44 BILLION in profits yet still receive billions in government subsidies.

  • Do you realize the oil and gas exploration/exploitation businesses in this country through their new horizontal drilling and fracking techniques are about to usher in a new boom in our economy by lowering manufacturing costs (manufactures are wanting to move the America now due to cheaper energy costs of out natural gas) and will be responsible for our trade balance shifting in our favor very soon? You should be congratulating them and asking them what else we can do to make their business a success, not demonizing them.

    Source(s): a degreed engineer and minor millionaire.
  • Edward
    Lv 7
    7 years ago

    Yes oil company's get incentives as do many other company's whats your point?

  • ?
    Lv 7
    7 years ago

    because conservatives believe that the sole reason governments exist is to redistribute income FROM the POOR to the WEALTHY.

  • Who is subsidizing them???

    The link didn't say that.

    Tax break and such ARE NOT subsidies.

Still have questions? Get your answers by asking now.