It is a maxim in American politics that oil and gas companies are among the mightiest forces in Washington, second perhaps only to the big banks. They block any kind of meaningful action to reduce the country’s consumption of dirty energy; they enjoy billions in public subsidies—and they even put oil men in the White House.
That is no doubt true. But what’s remarkable is how little the industry actually has to spend to keep DC under control. This table from the Center for Responsive Politics shows the top oil and gas industry contributors in 2013 and 2014, as crucial midterm elections approach. In total, the top twenty contributors spent $6,222,245:
There are few Americans who could muster that kind of spending. But for the oil companies? It borders on trivial. North American oil, gas and coal companies generate $271 billion inprofit each year. So take even the highest-end number—$536 million to influence Congress in 2011 and 2012—and compare it to the profits the industry generated over those two years. The money spent on Congress is around .09 percent of those profits.