No, how are they subsidized get specific
How much money does the U.S. government give oil, gas and coal companies?
Estimates of the value of U.S. federal subsidies to the domestic oil and gas industry alone (not coal) range from "only" $4 billion a year, to an amazing $41 billion annually. One recent comprehensive study of U.S. energy subsidies, identified $72.5 billion in federal subsidies for fossil fuels between 2002-2008, or just over $10 billion annually.
President Obama wants Congress to chop $3.6 billion in 2012 oil and gas tax breaks for a total of $46.2 billion over the next decade. Among Mr. Obama targets: a nearly century-old oil and gas industry tax deduction for the costs of preparing drill sites and a manufacturer's tax break granted the oil industry in 2004.
The number is significant, but still little more than one-tenth of the federal subsidies that oil and gas companies might receive over 10 years. Adjusted for inflation, they currently receive about $41 billion in annual subsidies annually. That amounts to more than half 52 percent of total benefits distributed to energy sectors by the federal government
I believe the free ride the oil companies have had through subsidies should end as they seem to be very profitable, use those dollars promote clean energy and energy efficiency alternatives, to produce more electricity from water, wind, and solar power.
Those reductionsin subsidies have come up and with Obama pushing for a large decrease, however congress has fail to pass anything. (Wonder which party had anything to do with that?)
I recon that just would not be fair though, now would it?
Fossil Fuel Subsidies | The Price of Oil
Yea Eddie,we can remove the CASH,if we remove the subsidies on fossil fuel,how does that sound? Yea,I didn't think so.