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Big Oil Hits New Highs and New Lows

A recent article by CNN suggests that Big OIl is at it again, spending huge amounts of money to make sure their record breaking profits stay in tact.  In what may be surprising to some, the most recent figures from the Center for Responsive Politics show that the oil industry gives a relatively small sum to individual political campaigns – it’s 16th on a list of top 50 industries.  But when it comes to lobbying – and spending money that goes toward researching, writing and convincing lawmakers to vote its way – the industry ranks fifth. If the spending continues at the current pace, the industry is set to break last year’s $83 million record.  The amount spent on lobbying by the industry, along with lobbying money in general, has been setting records since 2005.

But so far, no major energy bills have been passed. Is it possible all this money has been spent to maintain the status quo?

Meanwhile, the renewable energy folks haven’t seen a big increase in funding.  Looking at the dollars spent lobbying Congress, that may not be surprising. The renewable industry and their allies in the environmental movement have spent a combined $19 million lobbying Congress this year – half what the oil industry has spent.

If cash equals friendship, then John McCain and the oil industry are best friends.  The Arizona Republican has taken $1.4 million from oil industry employees in the 2007-2008 election cycle, more than any other politician, according to CRP.  That’s over three times as much as Barack Obama, who ranks just below Hillary Clinton as the highest Democrat recipient.

The sad part of this discussion is that people know about, and even EXPECT their to be a corrolation between how much a special interest spends on lobbying and/or making campaign contributions.  You can ID this expectation in the rhetoric behind the report from CNN.  If the trend of “whoever has the most money wins”, then our democracy is doomed.  Progress in the interest of the majority will be slowed to a crawl, if it moves at all.  If our elected officials don’t have the moral strength to resist the implied extortion and “bribes” from these large companies (some do and some don’t, but I believe the majority do not), then we need to remove the temptation by making lobbying illegal, and campaign funds should be funded by, drawn from and distributed equally from our tax dollars.  That way, maybe the real voice of the people can be heard over the thundering din and deep pockets of special interests.

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