President Obama is right in saying we should end subsidies to oil companies. Where he is wrong, is that he wants to "re-invest" that money in wind and solar (big waste).
All subsidies should be ended. If a product, or process is not economically viable, it should die on the vine like any product nobody will buy.
This goes for farming, alternative energy, and any other government funded business capable of making a profit if their product is for sale on the open market.
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