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The Democrats plan to rescind $11.6 billion in energy subsidies for Exxon Mobil and other oil companies and require pharmaceutical companies such as Pfizer Inc. to negotiate with Medicare on prescription-drug prices.I'm not going to comment about the prescription drugs but the Exxon subsidy removal is excellent news. $11.6 billion in direct subsidies and tens of billions in military subsidies (last I read it was ~$1.50 a gallon) to control unstable regions is an unfair advantage to competing alternative energy. I'm hoping the democrats will take the 11.6 billion and invest it in the development of alternative energy technologies. According to the recently deceased Nobel Laureate Richard Smalley, that is more than enough money to fund the research that could solve all of our problems.
Source: Bloogmberg.com, Democrats Hold `Grudge' Against Republicans' Corporate Allies
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