Half of 2012 Oil Industry Subsidy Lost in One Obama Admin Solar Investment

President Obama speaks often about “subsidies to big oil.” This amount of this so-called subsidy amounts to $4 billion a year industry-wide. Meanwhile, the Obama Administration gave last year a $2.1 billion loan guarantee to “Solar Trust for America” which went bankrupt days ago after a year in business. In other words, one Solar company flushed down in U.S. dollars in one year more than half the amount what the industry-wide oil subsidy “costs” for Tax Payers every year.

04/03/2012 2:20 PM by JPUpdates Staff

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