Obama calls for Congress vote on oil subsidies
March 1st, 2012
03:55 PM ET
10 years ago

Obama calls for Congress vote on oil subsidies

(CNN) - A day after Republicans signaled possible compromise with the White House on energy issues, President Barack Obama called Thursday for Congress to vote in the coming weeks on ending billions of dollars in subsidies for the oil industry.

"Eliminate this oil industry giveaway right away. I want them to vote on this in the next few weeks," Obama told students at Nashua Community College in New Hampshire. "Let's put every single member of Congress on record: You can stand with oil companies, or you can stand with the American people. You can keep subsidizing a fossil fuel that's been getting taxpayer dollars for a century, or you can place your bets on a clean energy future."


Filed under: 2012 • Congress • Energy • New Hampshire • President Obama
soundoff (21 Responses)
  1. Rudy NYC

    " Let's put every single member of Congress on record: ...."
    It's about time you folks start listening to common sense. You should have done that with the Bush Tax Cuts in 2010. One bill to extend cuts for the wealthy, and another to extend cuts for everything else. Make them "Show Your Love."

    March 1, 2012 04:02 pm at 4:02 pm |
  2. LacrosseMom(real one)

    STOP Taxpayer subsidies to BIG OIL! Now!

    March 1, 2012 04:04 pm at 4:04 pm |
  3. Jake

    Mitt said he stands with the Oil Companies, along with Boehner, McConnel, Cantor. The Oil Industry needs a lot of government assistance, grants, subsidies, and less regulation, and like the poor, they too need a safety net said Romney. Republicans everywhere cheer as they stuff their pockets with millions from the oil industry.

    March 1, 2012 04:05 pm at 4:05 pm |
  4. The Real Tom Paine

    Can anyone offer an arguement to subsidize an industry that turned tens of billions of dollars in profits last year( cue rightie rage)?

    March 1, 2012 04:08 pm at 4:08 pm |
  5. rs

    Good. If they can raise prices here at home, and still EXPORT finished oil products, they clearly don't need taxpayer subsidies.
    Next up: stop wealthy welfare.

    March 1, 2012 04:13 pm at 4:13 pm |
  6. Lemone

    These rebublicans are still clowing

    March 1, 2012 04:13 pm at 4:13 pm |
  7. Durundal

    oh great, watch the price of oil and oil derivatives go sky high.....oh wait and its an election year. No wonder the republicans are looking to 'compromise'

    March 1, 2012 04:14 pm at 4:14 pm |
  8. PM Ohio

    Fat Christie wants Buffet to pay for the oil subsidies...better yet, all of the liberal billionaires should pay whatever they feel like donating.

    March 1, 2012 04:15 pm at 4:15 pm |
  9. Pedro

    Finally. They are already making billions of dollares in profit. It is not enough?

    March 1, 2012 04:17 pm at 4:17 pm |
  10. Silence DoGood

    It will be interesting to see if this is a campaign speech. Maybe he knows it not going to happen but he sounds good.

    This is a president who sent some of the US war machine to stabilize the one country in Africa with the biggest oil reserves ignoring the other poor countries in turmoil.

    Ow – actions speak louder than words. But words = votes.

    March 1, 2012 04:19 pm at 4:19 pm |
  11. Jer

    if you want the price of gas to go down. Stop the trade of oil on the market. That is the only way the price will go down. Everyone wants to do this and do that......STOP THE TRADE OF OIL ON THE STOCK MARKET! that is all you have to do. Plan and simple. EVERYONE IN THE GOVN. IS GETTING A LITTLE KICKBACK, that is way it is not every going to change.

    March 1, 2012 04:23 pm at 4:23 pm |
  12. Sniffit

    Have fun trying to fight this GOPers/Teatrolls. Yuo have a choice: open wide or bend over. Choose.

    Droll, Baby, Droll!!!

    March 1, 2012 04:28 pm at 4:28 pm |
  13. Dominican mama 4 Obama

    Nice little tidy vote for the public record to ensure that everyone knows where everyone stands. I'm with that!
    Our President is a master chess player. Rethugs are struggling with their next checker move. He's playing them like the proverbial violin.
    Barack is back!

    March 1, 2012 04:34 pm at 4:34 pm |
  14. geg

    if they don,t get there subsidies they will shut the country down

    March 1, 2012 04:34 pm at 4:34 pm |
  15. Sniffit

    "if they don,t get there subsidies they will shut the country down"

    Really? I'd like to see them try. In fact, I dare them to try. Bring it on, b-tches. See how far it gets ya.

    March 1, 2012 04:40 pm at 4:40 pm |
  16. BigTBone

    Tried this last year. The execs arrived in their jets and limos and whined about the cost of exploration and the low profit margins on their substantial investments and that they needed subsidies. They said 'we make less than 10% profit. Why don't you go after Apple or Facebook or someone with a larger ROI?'

    And the repubs wiped their faces off and said "thank you, we love taking loads of Koch oil all over us" and then proceeded to say we can't compete with China on solar and tree huggers have stopped nuke plants from being built. On the way out of the hearings they kicked a puppy and stole candy from an infant as well...

    March 1, 2012 04:42 pm at 4:42 pm |
  17. BLKMANinAmerica

    Well my President (Obama) I know you won't trust the repuks to do anything close to what your suggesting but this is yet another GREAT move to expose them devils for the trifling SOpeeper they are. Give-em heck Obama!

    March 1, 2012 04:43 pm at 4:43 pm |
  18. steveo

    as the Guiness beer commercial of a few years taq line went; BRILLIANT!
    and about 30 years overdue. but better late than never......time for oil schmuck smackdown

    March 1, 2012 04:50 pm at 4:50 pm |
  19. Scott O' Canada

    There are two excellent theories about arguing with Republicans over subsidies to large corporations. Unfortunately, neither one works. Immaculate timing however Mr.Obama. The higher gas prices at the pump go, the more the oil companies become public enemy number one, rightly or wrongly. Well played indeed.

    March 1, 2012 05:04 pm at 5:04 pm |
  20. Sniffit

    "On the way out of the hearings they kicked a puppy and stole candy from an infant as well..."

    Tripped a pregnant lady, punched an elderly blind guy in the face and took a dump in a crippled kid's cereal too. Oh, and also ate a kitten.

    March 1, 2012 05:15 pm at 5:15 pm |
  21. Marie MD

    Those corporations/people who are such good friends of the teapublikans.

    March 1, 2012 05:27 pm at 5:27 pm |