A real chance to cut subsidies to Big Oil?
Oil subsidies of nearly $40 billion will be on the block if Democrats have their way. And though the GOP and the industry claim cutting the handouts will cost American jobs, a former Shell CEO says that when prices are high enough, Big Oil doesn’t need help. What’s for sure is that, to have any hope of getting America prepared for peak oil, we’ll need an energy policy that stops encouraging people to use more of the oil that we’re already running out of.


