Will GOP rue embrace of Big Oil?
By ANDREW BAUMANN & DREW LIEBERMAN | 5/10/11 4:36 AM EDT
With oil companies such as ExxonMobil announcing a jump in profits of nearly 70 percent while gas prices are hovering around $4 a gallon, Republicans are trying to avoid any impression of defensiveness over their strong support for Big Oil. Most are not apologetic that they subsidize these corporations with their vast array of workers. But they have reason to be nervous.
Many are now saying they do not support subsidies, while others assert that these help keep gas prices low and create U.S. jobs. But Republicans have reason to be nervous.
Meanwhile, taxpayer-funded subsidies for oil companies make voters furious — as our research has shown for some time. A 73 percent majority supports eliminating these giveaways, with 57 percent strongly supporting this action.
Read more: http://www.politico.com/news/stories/0511/54589.html#ixzz1LwJt17tz
Read more: http://www.politico.com/news/stories/0511/54589.html#ixzz1LwJhIoEj
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