Tuesday, February 8, 2011

Oil Industry Subsidy - Protection Costs

It has been said that the United States Defense Department spends between $55 to $96.3 billion per year safeguarding the world's petroleum resources.

The Strategic Petroleum Reserve, a federal government entity designed to supplement regular oil supplies in the event of disruptions due to military conflict or natural disaster, costs taxpayers an additional $5.7 billion per year.

Our Coast Guard and the Maritime Administration of our Department of Transportation budget some $566.3 million per year for protective services.

Let us not forget the untold dollars spent by state and local governments on protection services for oil industry companies and gasoline users. Some have said that these services: police, fire, and emergency response expenditures add up to $27.2 to $38.2 billion annually.

I am not piling on the Oil Industry just believe Citizens need to know and understand how BIG OIL, GAS and other industries benefit from small and effective GOVERNMENT.




Knowledge is power.

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Elections matter-openly cynical of government business as usual-Supreme Court Justices 5-4 open warfare on my Individual Liberty-Teach as Knowledge is Power!