All subsidies should end...Obozo is right with this one....
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.
How about GM or the banks or ACORN or milk price supports or farm subsidies or ..... substitute your favorite here.
Who gets to decide which businesses are subsidized and which are not? I would agree with you if all subsidies were repealed but who decides? This is one of those areas that government is better staying out of just like it would have been better to stay out of GM.
This is nothing more than pandering to his lunatic "big oil is evil" constituency and the greens.