Obama slams oil company profits as gas prices surge

[spanone]

President Obama on Saturday blasted oil companies for enjoying gangbuster profits while pump prices surged to nearly $4 a gallon this week, and he again urged Congress to end $4 billion a year in subsidies for the oil and gas industry.

Obama fired the volley in his weekly radio and Internet address, released Saturday morning, the latest in an effort by the White House and Congressional Democrats to tie Republicans to deeply unpopular energy companies.

“When oil companies are making huge profits and you’re struggling at the pump, and we’re scouring the federal budget for spending we can afford to do without, these tax giveaways aren’t right,” Obama said. “They aren’t smart. And we need to end them.”

enate Democrats plan to push forward a bill as early as next week that would end subsidies to oil and gas companies over Republican objections that the legislation could cost jobs. The bill’s immediate prospects look dim because it is unlikely to win passage in the Republican-dominated House.

http://www.washingtonpost.com/blogs/political-economy/post/obama-slams-oil-company-profits-as-gas-prices-surge/2011/04/29/AFwx7wHF_blog.html?hpid=z2

[DainBramaged]

1. Republicans haven't created a single job (except military) since Nixxon

fucking whores

[dixiegrrrrl]

2. Dear Mr. President: I am watching what you DO, not what you say.

I am watching BP get lease permits.
I am watching oil companies determine our foreign policy.
Actions speak louder than words, always.
I am watching.

[Ichingcarpenter]

4. Agreed...walk the walk besides doing the talk..n/t

[madokie]

3. Its not speculators its the oil companies themselves who are ripping us off

as their quarterly earnings shows so clearly.

[DenverDad]

6. I agree.

When we had $4.00 a gallon gas in 2008, oil was trading at $140 a barrel. Today's $4.00 a gallon gas is in response to (I think) $114 per barrel.

[laundry_queen]

7. Absolutely agree. nt

[Hotler]

5. To quote True Grit.

That's a lot of talk for a one-eyed fat man Rooster.