President Obama Speaks on Repealing SUBSIDIES For Oil Companies

We’ll be watching you, CONGRESS!



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4 Responses to President Obama Speaks on Repealing SUBSIDIES For Oil Companies

  1. Ametia says:

    Fact Check: Oil price ad battles; Big Oil vs. DNC

    The pro-oil American Energy Alliance and the Democratic National Committee exchanged barbs this week over the president’s energy policies, providing a preview of the hard-hitting rhetorical campaigns and rapid-response reactions that will take place as the general election nears.

    AEA claimed that it will spend $3.6 million airing the 30-second advertisement in eight states “in the largest effort of its kind in AEA’s history.”

    The American Energy Alliance ad mostly recycled and consolidated a number of claims we’ve already fact-checked, but it’s easy to see why this group dragged them back out. The price of gas is at the forefront of voters’ minds, and it’s likely to stay that way until November, with economists predicting that prices will remain high through the summer.

  2. collegekay says:

    Hey everyone. Can you please donate $3 to my fundraising page?

    #obama2012 #yeswecan

  3. Ametia says:


    Senate defeats Dem measure to nix ‘Big Oil’ tax breaks, 51-47
    By Ben Geman and Andrew Restuccia – 03/29/12 11:59 AM ET

    The Senate on Thursday thwarted Democratic plans to strip billions of dollars in tax breaks from the largest oil companies, just an hour or so after President Obama urged the chamber to kill off the deductions.

    Lawmakers voted 51-47 to move forward with Sen. Robert Menendez’s (D-N.J.) bill. Sixty votes were needed to advance the measure.

    Two Republicans — Sens. Susan Collins and Olympia Snowe, both from Maine — crossed party lines and voted to repeal the tax breaks. Four Democrats — Sens. Mark Begich (Alaska), Mary Landrieu (La.), Ben Nelson (Neb.) and Jim Webb (Va.) — voted against the bill.

    The outcome of the vote was not a surprise, given that a similar plan failed 52-48 last May. But the decision to take another shot at passing the bill— and the decision by the White House to wade into the fight — underscore the political salience of rising gasoline prices in an election year.

    Obama has sought to deflect blame for high gas prices, in part by casting Republicans as allies of big oil companies. He used a Rose Garden speech to urge lawmakers to back the plan.

    “Today, members of Congress have a simple choice to make,” Obama said. “They can stand with big oil companies, or they can stand with the American people.”

  4. Ametia says:


    Obama 2012 ‏@Obama2012 President Obama: “Right now, the biggest oil companies are raking in record profits.

    Obama 2012 ‏@Obama2012 “Every time gas goes up by a penny, these companies usually pocket another $200 million in quarterly profits.”

    Obama 2012 ‏@Obama2012 “But on top of these record profits, oil companies are also getting billions a year in taxpayer subsidies.”—President Obama

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