Posted on 03/17/2012 12:44:20 PM PDT by bestintxas
President Obama said Saturday he can’t do much to lower gas prices, and renewed his call for Congress to end tax breaks for oil companies.
“The truth is, the price of gas depends on a lot of factors that are often beyond our control,” Mr. Obama said in his weekly address. “Unrest in the Middle East can tighten global oil supply. Growing nations like China or India adding cars to the road increases demand.”
The president didn’t mention one of the few direct actions he could take to try to lower gas prices in the short term — releasing oil from the U.S. Strategic Petroleum Reserve.
Mr. Obama called for that solution as a candidate in 2008 when gasoline prices neared $4 per gallon, and he reportedly discussed the option earlier this week with British Prime Minister David Cameron.
Instead, Mr. Obama said his administration is cracking down on oil profits — on traders who “distort the price of oil, and make big profits for themselves at your expense.” And he called on Congress again to eliminate $4 billion in annual tax breaks for oil companies.
“Your member of Congress should be fighting for you,” Mr. Obama said. “Not for big financial firms. Not for big oil companies.”
A report by the nonpartisan Congressional Research Service last year found that eliminating the subsidies would likely result in higher gas prices in the short term.
(Excerpt) Read more at washingtontimes.com ...
Like trying to get a cheaper hamburger by adding taxes to McDonalds?
Note to libs: this guy is no patriot of this country.
Barry Soetoro is a complete moron.
Bump
ML/NJ
Barry Soetoro is not the moron to worry about. It’s the thousands of Morons who put this POS in the White House and others of the same ilk in the House and Senate,that worry me.
What idiot believes that gas prices will go down if we add more tax’s to oil companies? Do the people who voted for this fool rally believe that?
That’s almost as stupid as believeing Health Care will get better when the Government runs it.
Normal people are smart enough to figure out who is going to pay these increased taxes for the oil companies. Unfortunately for us, Obama supporters ARE NOT normal people. They are freaks of nature. The Walking Dead Voters.
Whoops, my last post was directed to you. :)
Barry Soetoro is not the moron to worry about. It’s the thousands of Morons who put this POS in the White House and others of the same ilk in the House and Senate,that worry me.
OK, I get it. Make producing oil and gasoline more expensive and that will result in lower oil and gas prices. And something tells me the American people will buy into that.
Because the markets and taxation have no effect on prices.
>> The guy is insane.
He’s not insane. He’s a Machiavellian degenerate.
Gasoline rationing stamps, circa WWII, are on the horizon.
Hey BO! How much is the federal government skimming
off the top of a gallon of gas?
i HAVE A BETTER IDEA FOR HIM...QUIT TAKING SO MANY VACATIONS AND SAVE THE TAX (oops caps) payers a bucket full of money..both him and his wife. I like oil companys better than his administration..
$5 a gallon isn't high enough, is it Obama? You want it at $9 a gallon like the Euro-Socialists charge.
Meanwhile a grinning lazy-ass Obama drives around in his 5 miles per gallon super limousine, laughing that he will never have to pay a penny for fuel.
Mr. Environmentalist
end tax breaks for Hollywood?
end tax breaks for $36,800 per plate fundraising dinners with the President?
Barack Obama SUPPORTED the unrest in the Middle East and has tried to take CREDIT for overthrowing the leaders of Egypt and Libya. Never forget.
How are his oil investing buddies George Soros and Warren Buffett making out?
**Obama: End tax breaks for oil companies**
Why:
So the common folks like us can pay more for gas?
Obortion O, you are nuts.
The marxist Kenyan Clown hates our free market system as well as our capitalist roots.
But the Kenyan Clown truly shows himself to be an idiot when he tries to make the nonsensical argument that raising the costs for oil companies will magically lower the prices that an oil company charges.
Far and away the industry with the wealthiest CEO’s and biggest nbrs of 1%ers is the Hollywood Entrainment Industry.
End the tax breaks to Hollywood.
I TRUST “Big oil” more than I trust his administration. In fact, I don’t trust the Obama adminstration at all.
Well said......:O)
Shorter Obama:
End tax breaks for oil explorers... but give billions of taxpayer dollars to bankrupt solar companies run by my fat-cat donors.
Man, I think I wrote that post, or one exactly like it!
Obama acts like someone using cocaine. Especially the grandiosity part.
I agree, but with an important proviso. End tax breaks for the oil companies while ending all drilling restrictions, both on and off-shore.
On this general topic, huge swaths of the populace seem entirely ignorant of basic supply and demand concepts and truisms.
Oil companies and all other large corporate entities pass on expense and any reduction in government subsidies to consumers. A very simple concept.
Why would Obama pull for something like this at this time?
It’s sort of like his agenda trumps everything else in a big way - like he’s Godlike in some way. We seem screwed.
You probably did. It’s a great quote.
He’s not insane. He’s a Machiavellian degenerate.
He’s an America hating, Muslim sympathizing, evil Marxist bastard.
you are SO good w/words!!!!!!!!
A report by the nonpartisan Congressional Research Service last year found that eliminating the subsidies would likely result in higher gas prices in the short term.
That’s a damned lie. It will lead to higher energy costs across the board permanently
He is obviously ready to retire.
He WANTS to lose the election.
——The complete idiot must be alone in the world if the thinks this will lower gas prices.——
Obama knows perfectly well that raising taxes or ending tax breaks for big oil will not lower prices...they simply pass on the cost of doing business and quite frankly it will hardly affect the price at the pump at all...
He thinks that if enough of “ we the people “ will buy that swill and the media will repeat until it’s the gospel truth to the ignorant or worse
It’s just part of his class warfare rhetoric to obscure the the fact he wants to raise gas prices to make his green energy initiatives more viable
Why would Obama pull for something like this at this time?
Because he knows Romney can’t win the general election
“Shut up and drill”.
What’s even dumber are the voters who believe him and do their part to give him a 2nd term.
Cut the tax breaks other businesses get, and you drive up operating costs. Guess who will wind up paying those operating costs.
It will be added to the cost of the products we buy.
This is such a simple concept. Of course it does reveal that Obama and his flying monkeys have not given up on driving gas prices to $8.00 a gallon, if they can get four more years.
It’s the truth. :)
LOL...I certainly am not taking credit for it...there are likely hundreds of other Freepers who express that exact sentiment!
On this general topic, huge swaths of the populace seem entirely ignorant of basic supply and demand concepts and truisms.
And they vote. That so many who are so clueless can affect the rest of us in such terrible ways is extremely frustrating and maddening.
I keep it so I can post it at appropriate times. I copied it and passed it around work about three years ago and the libs went crazy.
Perhaps, and The Manchurian Candidate, without doubt.
Increasing taxes on oil companies will RAISE the price of gasoline. Reducing the taxes on oil companies and distributors (at the pump) will DECREASE the price of gasoline.
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