Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Boehner: Oil Companies Share Blame for Gas Prices, Open to Cutting Subsidies
ABC News ^ | April 25, 2011 | JONATHAN KARL

Posted on 04/25/2011 3:46:37 PM PDT by Qbert

At a time of skyrocketing gas prices and near-record profits for oil companies, House Speaker John Boehner made a major concession today: Congress should consider cutting multi-billion dollar subsidies to oil companies.

"Everybody wants to go after the oil companies and, frankly, they've got some part of this to blame," the Ohio Republican told ABC News today.

Blame aside, what about the cold, hard cash -- the billions of dollars in tax breaks and other subsidies big oil receives every year? President Obama has proposed doing away with many of them, which he says would save $45 billion over the next 10 years.

"It's certainly something we should be looking at," Boehner said. "We're in a time when the federal government's short on revenues. They ought to be paying their fair share."

That is a major departure for the speaker on an issue that Republicans have long defended as necessary to encourage domestic oil production.

The speaker said that while he wanted to "take a look" at oil subsidies. He also wanted to "see all the facts" first.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: Ohio
KEYWORDS: boehner; gasprices; oil; whigs
Navigation: use the links below to view more comments.
first 1-5051-88 next last
"It's certainly something we should be looking at," Boehner said. "We're in a time when the federal government's short on revenues. They ought to be paying their fair share."

- Last time I checked, Big Oil was paying more than their fair share in tax rates. Maybe you should learn a thing or two before opening your big mouth, Mr. Speaker...

1 posted on 04/25/2011 3:46:42 PM PDT by Qbert
[ Post Reply | Private Reply | View Replies]

To: Qbert

They certainly are.


2 posted on 04/25/2011 3:47:37 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

How bout we drill Mr. Speaker Boob?


3 posted on 04/25/2011 3:47:56 PM PDT by Invincibly Ignorant
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

That’s it. I am done with Boner and the Republicans.

The are part of the disease and what destroyed this country.

We need a third party now. Tea Party may need to spin off.


4 posted on 04/25/2011 3:48:53 PM PDT by LowTaxesEqualsProsperity
[ Post Reply | Private Reply | To 1 | View Replies]

To: Invincibly Ignorant
What an Idiot

Oil Companies control 4% of the Oil market.

He can't read what Oil prices are that Oil Countries sell on the open market.

5 posted on 04/25/2011 3:50:35 PM PDT by scooby321
[ Post Reply | Private Reply | To 3 | View Replies]

To: LowTaxesEqualsProsperity

6 posted on 04/25/2011 3:50:45 PM PDT by Bobalu ( "Israel must be like a mad dog, too dangerous to bother." ..Moshe Dayan:)
[ Post Reply | Private Reply | To 4 | View Replies]

To: LowTaxesEqualsProsperity

Boner is beginning to sound like ozero......we placed our faith in this idiot?


7 posted on 04/25/2011 3:51:12 PM PDT by Goreknowshowtocheat
[ Post Reply | Private Reply | To 4 | View Replies]

To: LowTaxesEqualsProsperity

“We need a third party now. Tea Party may need to spin off.”

What we need is to highjack the GOP and primary every last one of these clowns (and then get real leaders in office).


8 posted on 04/25/2011 3:51:14 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Qbert
This is why Boehner has to go.
9 posted on 04/25/2011 3:51:21 PM PDT by tobyhill
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert
Any money "saved" would just show up at the pump.

So whom saved and for how long?

It's all smoke and bullshit until we drill and refine and beg the fed to invade the refineries and drill sites.

I can't be David Koresh by myself, but if big oil backs and supports me, I'll go man a tower at a drill site or refinery.

10 posted on 04/25/2011 3:51:25 PM PDT by knarf (I say things that are true ... I have no proof ... but they're true)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert
""It's certainly something we should be looking at," Boehner said. "We're in a time when the federal government's short on revenues. They ought to be paying their fair share."
11 posted on 04/25/2011 3:51:35 PM PDT by KeyLargo
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

Was there a tear rolling down his cheek when he said the oil companies needed to bail out the government? /s/

The stupid party earns it’s name every day.


12 posted on 04/25/2011 3:52:06 PM PDT by saganite (What happens to taglines? Is there a termination date?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert
Mr. Cryer of the House needs to meet the Tea Party.
13 posted on 04/25/2011 3:52:19 PM PDT by tall_tex
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

Boehner is doing a McCain and caving in early and often.

He need to be replaced.


14 posted on 04/25/2011 3:52:22 PM PDT by paulycy (Islamo-Marxism is Evil.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

Boehner is unable to say anything with nuance, or else he is showing the color of yellow. He is now co-opted, morally unable to fight against the increasing expansion of government, EPA, and the general bullying going on against capitalism through raising taxes and increasing regulation. I am about done excusing Boehner and hoping he doesn’t really mean what he says the way he says it. But he does.


15 posted on 04/25/2011 3:53:20 PM PDT by RitaOK
[ Post Reply | Private Reply | To 1 | View Replies]

To: LowTaxesEqualsProsperity

The Patriot Party.


16 posted on 04/25/2011 3:53:49 PM PDT by Jane Long (2 Chron 7:14)
[ Post Reply | Private Reply | To 4 | View Replies]

To: LowTaxesEqualsProsperity

17 posted on 04/25/2011 3:53:49 PM PDT by KeyLargo
[ Post Reply | Private Reply | To 4 | View Replies]

To: Qbert

Hey, Weeping Willie...ever heard of INFLATION? Brought on by the debasement of our dollar?

Boehner’s statement shows that none of the Republican “leadership” have a clue as to the financial abyss we are sliding into. I suspect they are undermining Paul Ryan at every opportunity. We need more Tea Party congresspeople.


18 posted on 04/25/2011 3:55:11 PM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

$45 billion over 10 years? So we’re talking $4.5 billion per year? That’s what — less than one DAY’s worth of deficit spending?


19 posted on 04/25/2011 3:55:30 PM PDT by VRWCmember (Veritas vos Liberabit)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert
".... Little American flag. An old man saluting a parade... Reruns of 'Touched By An Angel'...."


20 posted on 04/25/2011 3:56:24 PM PDT by dfwgator
[ Post Reply | Private Reply | To 1 | View Replies]

To: knarf

I don’t even know if he knows what “subsidies” he’s talking about. What good is a supposed subsidy if you can’t use it because you’re not allowed to drill?


21 posted on 04/25/2011 3:56:35 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Qbert
Boehner had his chance to force Obama and the EPA’s hand and allow for more drilling but he passed it up and instead tried to blow some bogus numbers by us.
22 posted on 04/25/2011 3:56:48 PM PDT by tobyhill
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

Typical “political finger pointing” BS......Sixteen hundred is hitting on both “speculators” and the “Oil Companies” today.......All without mentioning its inside the Beltway regulations are issued and policys are formulated creating decades of “energy crises” not merely the latest.....Or that most of the “blame” for the current gas spiral can be traced to reckless monetary polices driven by federal fiscal ikrresponsibility and the “One’s” incredible spending spree.... >PS


23 posted on 04/25/2011 3:56:48 PM PDT by PiperShade
[ Post Reply | Private Reply | To 1 | View Replies]

To: paulycy

24 posted on 04/25/2011 3:57:00 PM PDT by KeyLargo
[ Post Reply | Private Reply | To 14 | View Replies]

To: VRWCmember

“$45 billion over 10 years? So we’re talking $4.5 billion per year? That’s what — less than one DAY’s worth of deficit spending?”

Good point.


25 posted on 04/25/2011 3:57:33 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Qbert

And who first to predict that the Republicans would jump on the anti-BIG OIL band wagon?

I WAS!

Of course, the fact that they have only done that a dozen times since the 70s made it an easy prediction.


26 posted on 04/25/2011 3:57:54 PM PDT by Jeff Chandler (Shemp was the Fourth Stooge of the Apocalypse.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

“they’ve got some part of this to blame”

This is outrage. I understand the business bashing from dems and dailykos, but the GOP speaker of the House joining this is disgusting.

Oil companies are private companies. They try to drill oil as much as possible (prevented doing so by the Imperial Obama Goverment). They operate on normal free market basis. What the heck they have been doing wrong?

As for subsidies, my understanding is that they are normal business or research credits (e.g. renewable energy) and it is not possible to single out one industry and say that everybody else except oil companies are eligible. If Gov wants to hand out taxmoney for solar BS research, it should not be limited to some leftist fake companies. (Of course, they should be eliminated from every company)

OPEC and government are to blame to for high oil prices. Oil companies have nothing to do with high oil prices.


27 posted on 04/25/2011 3:58:04 PM PDT by heiss
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

This guy is so stupid, I’ll bet he’s got someone to wipe his arse cause he could find it on his own!


28 posted on 04/25/2011 3:58:33 PM PDT by A. Morgan
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

who thought the orange tan, crybaby politician would be such a puss/weasel? (snark)

29 posted on 04/25/2011 3:58:48 PM PDT by BookmanTheJanitor
[ Post Reply | Private Reply | To 1 | View Replies]

To: KeyLargo

30 posted on 04/25/2011 4:01:06 PM PDT by dfwgator
[ Post Reply | Private Reply | To 24 | View Replies]

To: RitaOK

Exactly.

All he had to do was say two things: Obama needs to stop destroying the dollar with reckless spending, and to stop the moratorium and expand drilling. Shouldn’t have been that difficult.


31 posted on 04/25/2011 4:01:27 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: tobyhill
John please take a vacation and let a real conservative run congress.
32 posted on 04/25/2011 4:01:34 PM PDT by KeyLargo
[ Post Reply | Private Reply | To 9 | View Replies]

To: Qbert

I think they should say tax breaks when they mean tax breaks because subsidies sound like direct cash payout to someone. In essence, the tax break for mortgages is a subsidy then. I think when they talk like this they muddy the waters.
Of course, I’m not against getting rid of real subsidies, and I think looking at tax breaks is fine. I just think the language is used pretty loosely and many people are fairly unclear about what they are talking about. Most people don’t consider something like their own tax deductions they might get a subsidy, but using this definition, it is.


33 posted on 04/25/2011 4:02:02 PM PDT by brytlea (A tick stole my tagline....)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

I saw the interview on ABC World News Tonight.

While Boehner is an ass, he did say that the smaller oil companies should have the subsidies, otherwise there would be less drilling in the continental U.S.

Boehner claimed that he was contacted by Shell Oil and they told him they didn’t need the subsidies.

Meanwhile, Diane Sawyer sounded breathless while discussing the profits of the big oil companies. And how much oil and gas would the oil companies produce if they were losing money, Diane?


34 posted on 04/25/2011 4:03:11 PM PDT by july4thfreedomfoundation (A Jimmy Carter got us a Ronald Reagan......A Barack Obama will get us a Sarah Palin)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert
The speaker said that while he wanted to "take a look" at oil subsidies. He also wanted to "see all the facts" first.

Yes, Mr. Speaker. However, before we go any further, I'll need for you to explain to us exactly what "subisidies" in the form of direct payments from the government the oil industry receives.

What? You mean there aren't any? None at all?

Hmmmm. I see. What a surprise. (Insert rolleyes smilie here.)
35 posted on 04/25/2011 4:04:29 PM PDT by Milton Miteybad (I am Jim Thompson. {Really.})
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

This moron just singlehandedly pissed away the GOP’s best public argument against zero in 2012 - energy prices.


36 posted on 04/25/2011 4:04:40 PM PDT by glock rocks (Wait, what?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert
Boner needs to have a Tea Party lesson.


37 posted on 04/25/2011 4:04:40 PM PDT by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dfwgator

38 posted on 04/25/2011 4:05:51 PM PDT by KeyLargo
[ Post Reply | Private Reply | To 30 | View Replies]

To: heiss

“This is outrage. I understand the business bashing from dems and dailykos, but the GOP speaker of the House joining this is disgusting.”

With “friends” like these...


39 posted on 04/25/2011 4:06:01 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Milton Miteybad

You have Freepmail... :>)


40 posted on 04/25/2011 4:06:53 PM PDT by OneVike (Just a Christian waiting to go home)
[ Post Reply | Private Reply | To 35 | View Replies]

To: glock rocks

Yep.

Hopefully, wise GOP presidential candidates will see the light and distance themselves from this bozo’s arguments.


41 posted on 04/25/2011 4:08:43 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
[ Post Reply | Private Reply | To 36 | View Replies]

To: Red_Devil 232

BOEHNER MUST GO. BOEHNER MUST GO. BOEHNER MUST GO.

42 posted on 04/25/2011 4:11:27 PM PDT by KeyLargo
[ Post Reply | Private Reply | To 37 | View Replies]

To: Qbert

My primitive posting skills don’t permit me to post this chart. Maybe Boehner should take a look at it:

http://directorblue.blogspot.com/2011/04/those-nefarious-and-evil-oil.html


43 posted on 04/25/2011 4:14:15 PM PDT by Daisyjane69 (Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

44 posted on 04/25/2011 4:16:21 PM PDT by paulycy (Islamo-Marxism is Evil.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

What they are talking about is depletion allowance, which applies for all extractive mining, not just oil. Also capitalization of intangible costs.

But real economic conservatives, including many TPers, have been advocating eliminating corporate welfare like agriculture subsidies, to not grow, etc.

So Boehner’s remarks are consistent with that.

Finally oil companies don’t vote, but people who buy gasoline do vote.


45 posted on 04/25/2011 4:17:16 PM PDT by truth_seeker
[ Post Reply | Private Reply | To 1 | View Replies]

To: Daisyjane69
How about a helping hand?


46 posted on 04/25/2011 4:17:38 PM PDT by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
[ Post Reply | Private Reply | To 43 | View Replies]

To: KeyLargo
LOL!


47 posted on 04/25/2011 4:17:47 PM PDT by paulycy (Islamo-Marxism is Evil.)
[ Post Reply | Private Reply | To 24 | View Replies]

To: Qbert

Ok. So he accepts Obama’s argument, and then will probably offer a scheme to advance Obama’s goal-—but at a slower pace or a lesser extent than the rat proposal.

“We’re in a time when the federal government’s short on revenues. They ought to be paying their fair share.”

The government isn’t short on revenues. It’s out of control and short on self-discipline.


48 posted on 04/25/2011 4:20:56 PM PDT by paint_your_wagon
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

Big Oil is subsidized? Since when? Every person here that rags about ethanol brings up subsidies and says Big Oil isn’t...


49 posted on 04/25/2011 4:21:05 PM PDT by Keith in Iowa (FR Class of 1998 | TV News is an oxymoron. | MSNBC = Moonbats Spouting Nothing But Crap.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Daisyjane69
Nice chart, however everything about oil is a trick, there are always at least 3 sets of books, " W E " have more than we'll ever be able to use right under our feet, always have & they know it.

But , after the civil war we stopped rampantly killing each other so oil has to be sucked from idiots with invisible friends in the sky, that way they buy weapons off our rack & we get our money back.

50 posted on 04/25/2011 4:21:52 PM PDT by de.rm ('Most people never believe anything you tell them unless it isn't true."-Groucho Marx)
[ Post Reply | Private Reply | To 43 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-88 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson