Obama says he can't do a thing about the price of gas/diesel and he continues to attempt to jack up the price even more by proposing the removal of what he calls 'subsidies' for the oil companies. So the price of food is up the last 12 months about 4.5%. Gasoline went up 12.6%. How many of you are getting a pay increase to match this?
First of all, the subsides he talks about are actually tax breaks.
Secondly, Obama is steadily trying to increase the overhead for American oil companies while he's helping fund foreign oil companies.
Thirdly, after helping those foreign companies we aren't going to benefit from it. Brazil's top oil company Petrobas got billions from the US thanks to Obama and yet what did they do with the money? They sent more oil to China instead of the US.
Mr. Obama was saying that while he was drastically slowing down leasing and permitting in the US and whining about “subsides” to US oil corporations. We apparently can subsidize government controlled oil companies in foreign countries, but not here (and I’m not arguing for subsidies here – just pointing out the usual Obama contradiction – kind of like he’s against bailouts, except for Chrysler, GM, Solyndra, etc.)
Well, that little jump-start of ObamaDollars has indeed helped “develop these oil reserves”. And the beneficiary?
The United States wants it, but China is getting it.
Less than a month after President Obama visited Brazil in March to make a pitch for oil, Brazilian President Dilma Rousseff was off to Beijing to sign oil contracts with two huge state-owned Chinese companies. Obama’s $2 billion to Brazil ends up helping send oil to China « The Greenroom
This has been the routine all over the world. Democrats are in a position to work out deals with foreign suppliers and the Chinese undercut us and get the deal behind our backs. One would think that our representatives would do it right at least once in awhile....but they don't seem to have their hearts in it. They want to develop alternative sources of energy......not oil, an energy source Obama says is an "energy of the past". It's too dirty, and just not cool enough for someone as forward thinking as Obama. (Then he gets in his armor plated limo and drives off) Try getting Air Force One off the ground with anything else.
Well, I've got news for you........oil is the energy of the present and while everyone else is getting it the Libs in Washington are doing their best to wean us off it before alternatives are ready. One would think these folks had a Deathwish. I just wish for once we had a government that wasn't always doing their thing kissing up to their special interests rather than taking into account what is best for their own country. But what can you expect from people that deep down inside hate the country they represent.
And guess what, Obama has once again tried to raise gas taxes. You see, he's framed it as being punitive against the big, bad, greedy oil companies, but what it ends up being is a direct tax on you and me.
Eventually Obama wants to squeeze American oil producers out of the American market and into friendlier foreign markets. This is what is so screwed up about his ideas. Regardless how much he tries to act like he's increasing domestic production, he's making it harder and harder for them to sell their product here in the United States. Unfortunately while he's crying about the GOP passing budgets that he claims are so evil (they want to starve little babies) he's assuring the price of that food is jacked up to ever higher levels.
Amazing isn't it? Unbelievable isn't it? That's why he might just get away with it.
Links
Obama, Menendez Push Economically Painful Anti-Energy Bill - On Energy (usnews.com)
Consumer Price Index Summary
Gasoline Prices Are Not Rising, the Dollar Is Falling - Forbes
Electric Cars Are An Extraordinarily Bad Idea - Forbes
CPI Inflation Calculator
http://www.bls.gov/fls/flscpim.pdf
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