President Obama repeats call to end subsidies for Big Oil [View all]

[ProSense]

President Obama repeats call to end subsidies for Big Oil

by Barbara Morrill

With Newt Gingrich pretending he has a secret plan to slash the price of gasoline, and with the entirety of the Republican Party screaming "drill, baby, drill" and blaming everyone and everything except Big Oil for rising costs at the pump, this week President Obama decided lay out some pesky facts ... starting with the giant, oily elephant in the room:

... at a time when big oil companies are making more money than ever before, we’re still giving them $4 billion of your tax dollars in subsidies every year. Your member of Congress should be fighting for you. Not for big financial firms. Not for big oil companies.

In the next few weeks, I expect Congress to vote on ending these subsidies. And when they do, we’re going to put every single Member of Congress on record: They can either stand up for oil companies, or they can stand up for the American people. They can either place their bets on a fossil fuel from the last century, or they can place their bets on America’s future. So make your voice heard. Send your representative an email. Give them a call. Tell them to stand with you.

The President also points out that there are many factors that affect the price of gas, including manipulation from Wall Street and reiterates that the U.S. is now producing more oil than it has in years, that the number of operating rigs are at an all time high and that our dependence on foreign oil is steadily going down ... but the main message today is to contact your congressmen and senators and tell them to remember who they're supposed to be representing.

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http://www.dailykos.com/story/2012/03/17/1075105/-President-Obama-repeats-call-to-end-subsidies-for-Big-Oil