Stop oil subsidies

Most of us can think of a company suffering under the burdens of high energy prices. Few of us would put the major oil and gas producers in that category.

Why, then, are these companies poised to collect at least $7 billion ... in special federal relief? And why isn't the White House in the forefront of efforts to correct this disgrace?

The windfall is traceable to the mid-1990s, when oil and gas prices were relatively low and energy companies weren't eager to invest in the high-cost, high-risk endeavor of developing new deep-water wells in the Gulf of Mexico.

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