Posted on 03/17/2012 12:44:20 PM PDT by bestintxas
President Obama said Saturday he cant do much to lower gas prices, and renewed his call for Congress to end tax breaks for oil companies.
The truth is, the price of gas depends on a lot of factors that are often beyond our control, Mr. Obama said in his weekly address. Unrest in the Middle East can tighten global oil supply. Growing nations like China or India adding cars to the road increases demand.
The president didnt mention one of the few direct actions he could take to try to lower gas prices in the short term releasing oil from the U.S. Strategic Petroleum Reserve.
Mr. Obama called for that solution as a candidate in 2008 when gasoline prices neared $4 per gallon, and he reportedly discussed the option earlier this week with British Prime Minister David Cameron.
Instead, Mr. Obama said his administration is cracking down on oil profits on traders who distort the price of oil, and make big profits for themselves at your expense. And he called on Congress again to eliminate $4 billion in annual tax breaks for oil companies.
Your member of Congress should be fighting for you, Mr. Obama said. Not for big financial firms. Not for big oil companies.
A report by the nonpartisan Congressional Research Service last year found that eliminating the subsidies would likely result in higher gas prices in the short term.
(Excerpt) Read more at washingtontimes.com ...
Like trying to get a cheaper hamburger by adding taxes to McDonalds?
Note to libs: this guy is no patriot of this country.
Barry Soetoro is a complete moron.
Bump
ML/NJ
Barry Soetoro is not the moron to worry about. It’s the thousands of Morons who put this POS in the White House and others of the same ilk in the House and Senate,that worry me.
What idiot believes that gas prices will go down if we add more tax’s to oil companies? Do the people who voted for this fool rally believe that?
That’s almost as stupid as believeing Health Care will get better when the Government runs it.
Normal people are smart enough to figure out who is going to pay these increased taxes for the oil companies. Unfortunately for us, Obama supporters ARE NOT normal people. They are freaks of nature. The Walking Dead Voters.
Whoops, my last post was directed to you. :)
Barry Soetoro is not the moron to worry about. Its the thousands of Morons who put this POS in the White House and others of the same ilk in the House and Senate,that worry me.
OK, I get it. Make producing oil and gasoline more expensive and that will result in lower oil and gas prices. And something tells me the American people will buy into that.
Because the markets and taxation have no effect on prices.
>> The guy is insane.
He’s not insane. He’s a Machiavellian degenerate.
Gasoline rationing stamps, circa WWII, are on the horizon.
Hey BO! How much is the federal government skimming
off the top of a gallon of gas?
i HAVE A BETTER IDEA FOR HIM...QUIT TAKING SO MANY VACATIONS AND SAVE THE TAX (oops caps) payers a bucket full of money..both him and his wife. I like oil companys better than his administration..
$5 a gallon isn't high enough, is it Obama? You want it at $9 a gallon like the Euro-Socialists charge.
Meanwhile a grinning lazy-ass Obama drives around in his 5 miles per gallon super limousine, laughing that he will never have to pay a penny for fuel.
Mr. Environmentalist
end tax breaks for Hollywood?
end tax breaks for $36,800 per plate fundraising dinners with the President?
Barack Obama SUPPORTED the unrest in the Middle East and has tried to take CREDIT for overthrowing the leaders of Egypt and Libya. Never forget.
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.