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Obama demands Congress end oil, gas subsidies
Newsday ^ | JULIE PACE (Associated Press)

Posted on 03/01/2012 12:59:22 PM PST by mdittmar

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1 posted on 03/01/2012 12:59:25 PM PST by mdittmar
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To: mdittmar

Won’t the oil companies just raise their prices????


2 posted on 03/01/2012 1:01:45 PM PST by New Jersey Realist (America: home of the free because of the brave)
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To: mdittmar

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?


3 posted on 03/01/2012 1:02:06 PM PST by DManA
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To: mdittmar

Let us stop EVERY SINGLE subsidy.


4 posted on 03/01/2012 1:04:49 PM PST by theBuckwheat
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To: DManA
What are these subsidies they keep talking about. Is it the tax provisions that allow them lower their tax burdens?

Why not end the subsidies for the following: Sugar, Wheat, Corn, Milk, and the Chevrolet Volt,

5 posted on 03/01/2012 1:06:28 PM PST by dearolddad
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To: mdittmar

FUBO!


6 posted on 03/01/2012 1:07:41 PM PST by AngelesCrestHighway
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To: DManA

“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.


7 posted on 03/01/2012 1:08:04 PM PST by forgotten man (forgotten man)
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To: DManA

Depletion beyond recapture of cost.


8 posted on 03/01/2012 1:08:04 PM PST by org.whodat
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To: New Jersey Realist

Won’t the oil companies just raise their prices????

Maybe that’s what they are looking forward to.


9 posted on 03/01/2012 1:09:07 PM PST by Bitsy
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To: DManA
GE like Goldman Sucks is part of the Crony Capitalism system and hence is exempt from ruling elite scrutiny.

Besides, how DARE you question The Won?! Now get back to work and pay your taxes serf!

10 posted on 03/01/2012 1:09:25 PM PST by Drill Thrawl (Brass, copper, lead. The new precious metals.)
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To: mdittmar

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.


11 posted on 03/01/2012 1:13:33 PM PST by pabianice (")
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To: mdittmar

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?


12 posted on 03/01/2012 1:13:33 PM PST by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: mdittmar

They are NOT “subsidies”!!!

They are TAXES NOT IMPOSED!

Every nickle Obama doesn’t tax away from you, he considers a “subsidy”!!!!!


13 posted on 03/01/2012 1:15:37 PM PST by G Larry (We are NOT obliged to carry the snake in our pocket and then dismiss the bites as natural behavior.)
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To: mdittmar
And allot more for corn and algae and solar and wind??

He's crazy!!

14 posted on 03/01/2012 1:16:03 PM PST by Sacajaweau
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To: mdittmar
Call his bluff. End all the subsidies, but end them for all "alternative" energy companies as well. I don't like government subsidies on principle. And unlike the solar, wind, or whatever alternative energy BS the oil companies can survive without them. So just cut them all off and let the chips fall where they may.

And if the price goes up, well cutting the subsidies was Obama's idea wasn't it?
15 posted on 03/01/2012 1:16:20 PM PST by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: mdittmar

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!


16 posted on 03/01/2012 1:17:35 PM PST by cableguymn (Good thing I am a conservative. Otherwise I would have to support Mittens like Republicans do.)
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To: org.whodat

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


17 posted on 03/01/2012 1:18:18 PM PST by DManA
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To: org.whodat

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


18 posted on 03/01/2012 1:18:27 PM PST by DManA
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To: mass55th
Aren’t gas prices high enough under this yokel already?

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.

19 posted on 03/01/2012 1:18:49 PM PST by Drill Thrawl (Brass, copper, lead. The new precious metals.)
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To: New Jersey Realist

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.


20 posted on 03/01/2012 1:19:21 PM PST by 2harddrive
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