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Obama: Let's Stop Giving Money to Oil Companies

Energy policy continues to get big attention amid rising gas prices

By John Johnson,  Newser Staff

Posted Mar 1, 2012 4:44 PM CST

(Newser) – President Obama again went on the offensive over rising gas prices today, notes ABC News. Speaking in New Hampshire, he told Americans to call their congressional representatives and demand they end the $4 billion subsidies to gas and oil companies. His takeaway line: “You can either stand up for the oil companies, or you can stand up for the American people. You can keep subsidizing a fossil fuel that’s been getting taxpayer dollars for a century, or you can place your bets on a clean-energy future.”

On the GOP side, the Los Angeles Times notes that Mitt Romney has joined Newt Gingrich in making energy a big theme. "This is a president who does not understand energy," Romney said in Fargo, ND. "He is the problem. He is not the solution. It's time to get him out of office and get someone in who will get us energy-secure."

President Obama waves to the crowd as he walks through a snowstorm in Manchester, N.H., Thursday.
President Obama waves to the crowd as he walks through a snowstorm in Manchester, N.H., Thursday.   (AP Photo/Winslow Townson)
President Obama speaks at Nashua Community College in Nashua, N.H.
President Obama speaks at Nashua Community College in Nashua, N.H.   (AP Photo/Susan Walsh)
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COMMENTS
Showing 3 of 140 comments
USLady
Mar 4, 2012 8:50 AM CST
Well Obama! is that the best line you can come up with! What about stop giving our tax dollars to prisoners at Gitmo,What about Stop using our tax dollars to fly your dog around for a few million,what about opening up keystone so more Americans can have jobs,not mexicans,not muslims,Americans! What about getting rid of your crappy Obamacare, which will cost this country a few more trillion dollars, Which contains 2000 papers-which very little is known about by the people. why don't you tell the people the whole story about Obamacare? I want the Obamacare divided up between 70 people not working for Obama and i want them to be told to find anything that is against our constitution in any way and circle it! And anything that needs attention according to our rights,and The issue of human life for all people that may appear harmful or questionable! there is no way that any law for any healthcare bill should legally be passed when the American people are purposely put into the dark from the truth,And on top of everything else i want to know when Obama is going to go to court for the wrong he has already done against this country! So we can stop giving our money to Obama and his foreign relatives.And while i am at it,You can thank Obama for the extreme high gas prices! had he opened up Keystone pipeline-you would not be paying high gas prices and giving your money to Saudi Arabia.You know the people Obama bowed down to.
sean8513
Mar 2, 2012 11:10 AM CST
maybe it is time for oil companies to feel the sting and pinch of our declining economy that alot of small businesses are suffering through at present. They are lazy, dependent on government money to pay huge bonuses to CEOs/management and it shows. No motivation to re-structure, develop innovative strategies for dealing with an aging energy infrastructure, take a paycut, or even pay pay back their fair share of taxes. I am sick of government hypocrisy via painting the poor/lower middle class as the problem and big business as the victim. Welcome to the real world Exxon, Shell etc. Come down from your ivory tower full of political mistresses and dine with the common man. We aren't too bad of people once you get to know us. Right guys?    
Buckshot
Mar 2, 2012 7:19 AM CST
Naw let's just cut Social Security and Medicare those lazy retired Americans don't do anything for us but soak up money they didn't earn. Let them rot what have they done for us lately? Oil companies are good they need our tax money just to make ends meet and pay their CEOs a descent salary who can be expected to live on 6 million a year plus stock options? Where's Jeb Bush? We need another Bush idiot in the white house they understand what America needs more advantages for big business because businesses are people too. Screw you conservative piles of cow dung.
 

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