Oil Industry tax breaks
- $4 billion: Cost of Big Oil tax breaks in 2011.
- $77 billion: Cost of Big Oil tax breaks from 2011 to 2021.
Oil Industry profits
- $902 billion: Total profits for the five biggest oil companies in the United States, 2001–2010 (in 2011 dollars).
- $32 billion: Total Big Oil earnings, first quarter of 2011. Exxon Mobil alone accounted for $10.7 billion of that figure.
- 38 percent: Big Oil's first-quarter-2011 profit increase over the first quarter of 2010.
- 28 percent: Increase in gasoline prices compared to 2010.
Oil industry votes to close loopholes
- 2: House Republicans who voted to cut tax loopholes for Big Oil during debate on H.R. 1230.
- 147: House Democrats who voted to cut tax loopholes for Big Oil during debate on H.R. 1230.
Public supports ending tax breaks
- 74 percent: The proportion of Americans who favor "eliminating tax credits for the oil and gas industry," according to a NBC News/Wall Street Journal survey.
- 2-to-1: The margin by which "Republican voters support ending subsidies" for oil companies.
No comments:
Post a Comment