Rand Paul Comes to Big Oil's Defense

Via ThinkProgress:

The top five oil companies in the United States have already made $5.8 billion in windfall profits from spiking gasoline prices this year. Yesterday, Senate Republicans agreed to debate a bill that repeals $2 billion in annual tax breaks for these super-wealthy oil giants. The move was purely a political calculation — don’t expect the GOP to end taxpayer welfare for their Big Oil allies. GOP senators like Rand Paul (R-KY) and Jon Kyl (R-AZ) have used their time on the Senate floor today to push error-riddled arguments coming straight from their oil industry donors.

Paul argued Big Oil deserves even more favors from government, because they’re doing such a good job extracting wealth from American families.

...Meanwhile, the oil industry is not using its profits to hire more people. Paul falsely claimed the oil companies employ 9.2 million people — in fact, there are only 2.2 million jobs in the entire oil industry, and 40 percent of those jobs are minimum-wage work at gas stations. Exxon Mobil, Chevron, Shell, and BP have shed their U.S. workforce by 11,200 between 2005 to 2010, according to a report last year. Big Oil isn’t investing in renewable energy or in reducing oil spills, either.