Why Isn’t the Oil Industry Bailing Out the Auto Sector? End of Suburbia: Who Killed the Electric Car

Just one year’s worth of profits for the oil industry is approximately three times what the auto industry is asking for in their bailout package. If these five companies bailed out the US auto manufacturers, they would still be able to report billions in profit…

So here is my question: Since the oil industry is making record profits and the auto sector is on the verge of bankruptcy, shouldn’t the oil industry, instead of the US citizen, bailout the auto sector, especially considering how interconnected their business models happen to be?

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