This morning’s Politico featured an op-ed by LCV President Gene Karpinski and Priorities USA Action senior strategist Bill Burton pointing out the correlation between high gas prices and Mitt Romney’s political fortunes. Despite stump claims that he wants to bring gas prices down, Romney’s staunchest supporters are oil interests –and when they profit, so does he. Big Oil’s pledged $200 million to help Romney’s campaign and defeat Obama.
“What does Big Oil get in return for its $200 million investment in Romney? It gets to keep its billions in special tax breaks every year. So middle-class families pay twice — high gas prices when they fill up the tank and $4 billion in taxpayer-funded subsidies for an industry where the top five companies combined made $137 billion in profits last year.”