Obama calls for Congress to vote on oil subsidies
The White House used this chart to argue that their efforts have helped decrease foreign energy consumption.
March 1st, 2012
05:18 PM ET

Obama calls for Congress to vote on oil subsidies

During a visit to Nashua Community College in New Hampshire today, President Obama used visual aids to make a point about the progress his administration has made on the quest for energy independence. Tom Cohen over at CNN Wires has a good write-up of the president's remarks, and check out the chart above that he showed during his speech.

(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."

Framing the issue as a major challenge for the students' generation, Obama said developing a broad-based energy policy incorporating all sources - oil, gas, nuclear, solar, wind and alternatives such as algae - would take years but was essential for the nation's future economic well-being.

His speech came as gas prices continued to soar around the nation, prompting criticism from Republicans that Obama's policies failed to fully exploit U.S. resources that would help bring down energy costs.

Senate Republican leader Mitch McConnell of Kentucky rejected Obama's call to end the oil subsidies.

Click here for the rest of the story.

Topics: Energy • Gas prices • President Obama

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soundoff (14 Responses)
  1. Ray E. (Georgia)

    Yes of course. And while you are about it eliminate Medicare, Medicaid and Obama Care. What's fair is fair.

    March 1, 2012 at 8:20 pm |
    • Howard

      The reason Obama is ignoring the wisdom of Bill Clinton, regarding the pipeline, is because all Obama cares about is shifting Billions of dollars, to the Green companies, so that they will contribute to his reelection campaign.

      March 1, 2012 at 9:48 pm |
  2. jerry

    call on all you want obama...you hung your credibility at the door when you took office...no one is going to play ball with you...go home...to the rat hole you crawled out of.

    March 1, 2012 at 9:25 pm |
  3. Partylinethinker

    This was said by obama so i strongly disagree with what he said. Hes an evil Conservitive and deserves to be charged with treason.... Now if a republican said this i would be all for it.

    March 1, 2012 at 10:43 pm |
    • Tommy S.

      I see what you did there, and I approve.

      March 2, 2012 at 9:33 am |
  4. John

    Congress – rewrite the bill to include ALL subsidies then pass it.

    March 2, 2012 at 7:14 am |
    • Steveo

      Sorry John. That will never happen. Welfare and "green" giveaways are protected and are therefore exempt! The wagons have been circled so hard the horses are dizzy!

      March 2, 2012 at 9:04 am |
  5. hurryup 2012

    Our resident president is an idiot. He so does not understand the energy needs of our country. He was quoted as saying he wanted gas prices to get to 10-12 dollars a gallon to force people to alternative energy. He's getting what he wants.

    March 2, 2012 at 10:24 am |
  6. acdcguy

    But it's ok for Obama to throw $7 billion at green companies that either go bankrupt or keep laying off employess.

    March 2, 2012 at 11:31 am |
  7. george of the jungle

    The president is right why are we still subsidizing an industry that makes so much money? Gas prices have so many state and federal taxes added to them already. Do we keep giving the oil companies more? It seems like most people on this blog are not bothering to speak to the issue and would rather just bash the president. But I thought the repos wanted to cut costs . I guess to many friends in the oil industry is why they won't go for this. Vote them all out

    March 2, 2012 at 11:45 am |
    • Steveo

      The existance of federal and state taxes added into gas prices is not the fault of big oil. You keep "repo" this and "repo" that! Is there not ONE Dem who has ties to big oil it ties to oil, NOT ONE? Perhaps they are all lined up to cash in on "green" and failing subsidies? Perhaps it does make sense to ween oil off of government funding. Just don't expect "green" to come to the rescue! BTW don't get surprised when gas prices hit European levels! But that appears to be the plan all along, right?

      March 2, 2012 at 12:34 pm |
      • Risky

        There is no infinite amount of oil in this world. Like it or not, we will have to rely on something else eventually. And not everyone is perfect. Im sure there are some bad democrats out there as well. Stop looking at the world in black and white, and realize that not one person represents all.

        March 2, 2012 at 12:59 pm |
      • Steveo


        Oh I know oil is not finite! My problem is no having to reply on another source. My problem is government interference in picking winners and losers in that other source (Solyndra for example and the others "suddenly" went bankrupt after recieving government funding).

        As for your admonition to "stop looking at the world in black and white and realize that not on person represents all". That is actually good advice! You plan on sharing that with your cohorts on the left, SOME who feel the need to toss out blanket statements? That would be good!

        March 2, 2012 at 2:06 pm |
  8. Jay Dubb

    I thought we Americans were getting smarter. However, the majority of these comments are the total opposite.

    – BIG OIL is fighting any and all alternative energy because it cut's into their nickle.
    – Fossil fuels will be the death of us in more ways than one. Primary, the enviorment.
    – Don't transport that dirty tar sand crap through the heart lands. Also, it takes more energy and resources to produce. Not to ignore the processing bi-product contamination. BTW...when the tar sands are going to be refined by BIG OIL and eventually sold on the open market for (drum roll....) more profit, and it won't effect OPEC prices.
    – Natural gas, bountiful but, the fracking bi-product contamination of aqufiers will destroy regional natural drinking water.
    – Why not have a green energy market, and let someone else play/make money, Oh I forgot. BIG OIL greed doesn"t want to share.

    Enough of my rant for today. But America, most of us are highly educated, owe too much on student loans, have childrens furture's at stake, to surcome to ignorance. Let's do our research before making unsubstantiated comments.

    BTW...politics with their special interest is driving the negative rhetoric. WE ALL KNOW... George W. was on a sinking ship, and he knew it. He tossed his boys on Wall Street a life line, and to cover his a$$ and investments. Now everyone's piling on president Obama as if he ws the root cause of why we are where we are today. We all should be insulted that congress is making any positive attempt to marginal solvency so difficult for our president. They think we're ignorant...!

    I'm not endorsing Ron Paul, but at least he had vision and saw this coming. Also, in November non of the challengers will have an instant fix. We've seemed to have stopped the leak, now let's push forward. Common sense....

    OBAMA 2K12

    March 2, 2012 at 4:46 pm |