When President Obama attacks oil & gas subsidies he almost always includes an interesting modifier. “Let’s stop giving taxpayer subsidies to oil companies that don’t need them,” Obama said while advocating more corporate welfare in Iowa, one of the biggest beneficiaries already of green-energy corporate welfare thanks to infamous ethanol subsidies and mandates.

You see, Obama correctly points out that oil and gas make a profit without their subsidies, but that ethanol, solar, and wind operations “need” corporate welfare in order to stay in business. This Wall Street Journal editorial adeptly lays out how subsidized green energy is compared to fossil fuels. Among other numbers, the WSJ points to a Congressional Research Service Study finding: