Papantonio: The Tyranny of Oil

The oil industry is, without a doubt, one of the most powerful industries on the entire planet. Their yearly profits exceed that of most small countries, and combined, the five biggest oil companies control more than $100 billion dollars worth of the United States economy every year. On top of those profits, these companies are also enjoying government tax breaks and subsidies that, combined, top $40 billion every year. And they’re using that money to buy politicians, political favors, and lobbyists to make sure that the government will never be able to regulate their industry to help consumers. Mike Papantonio talks about the numerous ways in which big oil has become an almost undefeatable titan with author Antonia Juhasz.