Please do not fall for this nonsense. The oil and natural gas industries are one of the most heavily regulated and taxed industries. These industries are not subsidized. They pay massive taxes at every stage of production and are subject to almost endless regulation and litigation. Sure, one can point to a few tax breaks but these breaks are more than offset by taxes and regulations.
Lefties insist that the gulf wars were a subsidy to oil. This absurd statement does not warrant rebuttal.
It’s also a myth that oil companies make “windfall profits.” Their after-tax profit margins are well below the margins of many software, drug, and medical device companies. Oil companies get attacked by the left largely because they are located mainly in conservative states in the South and Southwest.
http://www.eli.org/pdf/Energy_Subsidies_Black_Not_Green.pdf
http://www.eli.org/pressdetail.cfm?ID=205
somebody’s wrong, you or them.