When President Obama gave a speech on the high price of gas, one of the things he called for was for congress to “take immediate action to eliminate unwarranted tax breaks for the oil and gas industry and use the dollars to invest in clean energy.  “Usually these tax breaks are referred to as “subsidies” by the press and Democrats who point the finger of blame for high gas prices at oil companies.

The truth is, a tax break is not properly a pure subsidy.