Posted on 03/01/2012 12:59:22 PM PST by mdittmar
NASHUA, N.H. - (AP) -- President Barack Obama, turning his political sights on snowy New Hampshire, demanded that Congress eliminate oil and gas company subsidies that he called an outrageous government "giveaway." Though politically a long shot, the White House believes the idea resonates at a time of high gasoline prices.
"Let's put every single member of Congress on record: you can stand with oil companies or you can stand up for the American people," Obama said.
The president also said GOP charges that his policies are driving up gas prices won't pass "a political bull-detector" test and pointed to a chart that showed decreasing U.S. dependence on foreign oil. His remarks came as retail gasoline prices rose Thursday to a national average of $3.74 per gallon.
(Excerpt) Read more at newsday.com ...
Won’t the oil companies just raise their prices????
What are these subsidies they keep talking about. Is it the tax provisions that allow them lower their tax burdons?
Then why not attack GE that didn’t pay a dime last year?
Let us stop EVERY SINGLE subsidy.
Why not end the subsidies for the following: Sugar, Wheat, Corn, Milk, and the Chevrolet Volt,
FUBO!
“What are these subsidies they keep talking about. Is it the tax provisions that allow them lower their tax burdons?”
If the government does not confiscate all of your assets, 0bama calls it a subsidy or a giveaway.
Depletion beyond recapture of cost.
Won’t the oil companies just raise their prices????
Maybe that’s what they are looking forward to.
Besides, how DARE you question The Won?! Now get back to work and pay your taxes serf!
I’m watching Fox News now. They are playing a bit with Chu being quizzed by Congress regarding runaway gas prices. Chu is sitting there, quite spaced out, as if he’s communicating telepathically with space aliens, and telling Congress in a weird, dreamy voice, that he is implementing Obama’s policy of ending the country’s use of fossil fuels. He is quite happy if a gallon of gasoline goes to $7, as this will, necessarily, drive-down the use of gas-powered vehicles. People, he’s insane and working for an insane president. Obama is tripling-down on his green energy fantasy.
Aren’t gas prices high enough under this yokel already? He gives billions in loans to green energy companies that go bust, and now he wants to end fuel subsidies. Can we please just get rid of this douche bag?
They are NOT “subsidies”!!!
They are TAXES NOT IMPOSED!
Every nickle Obama doesn’t tax away from you, he considers a “subsidy”!!!!!
He's crazy!!
Didn’t this idiot just say “i’ll do everything I can to lower gas prices”? the other day.
Problem is. The sheeple BELIEVE him!
Don’t know anything about the subject but apparently this allowance is available to miners too. Never heard the President complain about them (except for the coal miners - he wants to force them out of business)
http://www.answers.com/topic/depletion-allowance
Don’t know anything about the subject but apparently this allowance is available to miners too. Never heard the President complain about them (except for the coal miners - he wants to force them out of business)
http://www.answers.com/topic/depletion-allowance
Hey gas got to the mid $4 range under Chimpy McBush Haliburton, the Flaming Kenyan can go much higher than that.
Can we please just get rid of this douche bag?
Please do not insult flexible containers of vinegar and water with comparisons like that.
There ARE no subsidies! He LIES. We deduct the cost of drilling wells as those costs are incurred. In the case of Intangible Drilling and Completion costs for smaller companies the costs are written off the moment they have no recoverable, ongoing valus.
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