President Obama’s Weekly Address: Ending Oil Subsidies

Oil companies are some of the most profitable entities on this planet, and yet we give them billions of taxpayer dollars as subsidies.  Stop the insanity!

I do wish the President would stop using the words “foreign oil.”  It’s ALL foreign oil, even the stuff we pump out of the ground ourselves.  That might be nitpicky, but it’s only perpetuating the misinformed belief of many Americans that “drill baby drill” means less dependence on “foreign oil.”