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
Obama: Let's Stop Giving Money to Oil Companies
President Obama waves to the crowd as he walks through a snowstorm in Manchester, N.H., Thursday.   (AP Photo/Winslow Townson)

(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.”

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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." (Read more President Obama stories.)

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