Big Oil's Billions in Tax Perks Survive Fiscal Cliff Deal

Everything was supposed to be "on the table" in the crafting of deal to avert the so-called fiscal cliff. But in the end, congressional Democrats and Republicans skipped over some of the most glaring tax perks and giveaways. Case in point: Congress didn't touch billions of dollars a year in freebies to the oil and gas industry that pad the profit margins of companies such as ExxonMobil and BP. The final fiscal cliff deal does not touch oil and gas subsidies, confirms Rory Cooper, a spokesman for...