CHICAGO, IL–(ENEWSPF)–May 10, 2011. Unless legislation to end their “joyride” is passed, the five largest oil companies, which recorded more than $30 billion in profits during the first three months of this year alone, will continue to receive $4 billion per year in tax breaks from the federal government, U.S. Senator Dick Durbin (D-IL) said yesterday outside a gas station in Chicago. A bill eliminating the subsidies for big oil companies and diverting the savings to offset the deficit will be introduced this week in the U.S. Senate.
