I have read from people here that oil compaines receive subsidies to produce oil, like a farmer is paid subsidies not to farm his land.
It turns out oil companies don't get subsidies, just routine tax breaks any US business gets. Apple, Starbucks, Walmart, any business.
I read it here in this news article from the Atlanta Journal Constitution, which is not an editorial. This is a news article from Atlanta's largest newspaper.
"President Obama incorrectly claims that American companies in the oil and natural gas sector receive billions of dollars in taxpayer “subsidies.” In fact, these companies pay more than $31 billion a year in federal taxes and simply get the same type of tax deductions as other American manufacturers."
We have been lied to. Oil companies don't get subsidies to produce oil, like companies get who produce ethanol, solar power or wind power.
Live and learn.