It costs way more for exploration, pay-backs to government officials for leases ect… to run an oil company, which pays out more to shareholders (retirement accounts, congresstional committees ect…) while APPLE is almost 100% pute profit!
President Obama’s Bid To End Oil Subsidies Voted Down By Senate
WASHINGTON — President Barack Obama called on Congress to stop taxpayer-funded subsidies for oil companies, and the Senate promptly ignored him Thursday.
Senators voted 51 to 47 to end debate on a bill that would do what Obama asked, thus failing to reach the 60 votes needed to end a filibuster.
The rebuff came just an hour after the president took to the Rose Garden to make his appeal, arguing that with oil prices hovering at around $100 a barrel and oil companies netting billions of dollars each financial quarter, there’s little reason to give taxpayer-funded aid to the U.S. petroleum industry.
Read more: http://www.huffingtonpost.com/2012/03/29/oil-subsidies-senate-president-obama_n_1387789.html


