<div class="gmail_quote"><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">Micro wrote: "Maybe, the fact they ask and need subsides to sell PV solar<br>
installations is a give away of the fact solar is costly and not really<br>
competitive in a free open market."<br></blockquote><div><br></div><div>Let's be fair, Big Oil has been receiving subsidies all along...</div><div><br></div><div id="mod-article-header" class="mod-economictimesarticleheader mod-articleheader" style="padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;border-style:initial;border-color:initial;font-family:Georgia;color:rgb(57,57,57);font-size:14px;line-height:20px">

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Obama for ending $4 bn annual subsidy to US oil companies</h1></div><div id="area-article-first-block" style="padding-top:10px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;border-style:initial;border-color:initial;font-family:Georgia;color:rgb(57,57,57);font-size:14px;line-height:20px">

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WASHINGTON: Calling for ending the USD 4 billion <a href="http://economictimes.indiatimes.com/topic/subsidies" style="padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-top:0px;margin-right:0px;margin-bottom:10px;margin-left:0px;border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;border-style:initial;border-color:initial;font-family:Arial;color:rgb(51,103,151);font-size:13px;line-height:18px;text-decoration:none;font-weight:normal">subsidies</a> that the<a href="http://economictimes.indiatimes.com/topic/American%20oil%20industry" style="padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-top:0px;margin-right:0px;margin-bottom:10px;margin-left:0px;border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;border-style:initial;border-color:initial;font-family:Arial;color:rgb(51,103,151);font-size:13px;line-height:18px;text-decoration:none;font-weight:normal">American oil industry</a> receives every year, <a href="http://economictimes.indiatimes.com/topic/US%20President" style="padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-top:0px;margin-right:0px;margin-bottom:10px;margin-left:0px;border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;border-style:initial;border-color:initial;font-family:Arial;color:rgb(51,103,151);font-size:13px;line-height:18px;text-decoration:none;font-weight:normal">US President</a> Barack Obama today asserted there is no quick fixes to challenges of galloping oil except for adopting the "all-of-the-above" approach.</p>

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"A century of subsidies to the oil companies is long enough. It's time to end taxpayer giveaways to an industry that's never been more profitable, and use that money to reduce our deficit and double-down on a clean energy industry that's never been more promising," Obama said in his weekly address to the nation.</p>

</div></div><div><a href="http://articles.economictimes.indiatimes.com/2012-02-25/news/31099860_1_gas-prices-oil-companies-oil-reserves">http://articles.economictimes.indiatimes.com/2012-02-25/news/31099860_1_gas-prices-oil-companies-oil-reserves</a></div>

<div><br></div><div>James </div></div>