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Echoing talking points from the American Petroleum Institute, right-wing media are denying that the tax incentives oil companies receive are a subsidy. However, experts say that such incentives -- legally categorized as tax expenditures -- have effects similar to more direct cash transfers from the government, and tax expenditures make up a major part of the government's energy policy.
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A new series of oil and gas industry “issue ads” running in seven states claim “Americans oppose” Democratic efforts to eliminate subsidies for the petroleum companies. But a ThinkProgress Green analysis finds the industry claims do... Read Post

In a Politico op-ed, Steve Forbes defended the taxpayer subsidies enjoyed by oil and gas companies with a series of false claims that echo industry talking points. Forbes Denies Existence Of Oil And Gas Subsidies Steve Forbes: "U.S.... Read Post

American Petroleum Institute President Jack Gerard wants you to know: “We get no subsidies in the oil and gas business.” Of course, the industry receives a total $40 billion in tax breaks over 10 years. Speaking today at a House Ene... Read Post