Thursday, March 29, 2012
President Obama Asks Congress To End Oil Company Subsidies - Congress VOTES - It Ain’t Happening!
Thursday, March 29, 2012
Around midmorning in the Rose Garden of the White House, President Obama urged Congress to vote against giving billions of dollars in tax breaks, also known as TAX Subsidies, to the largest Oil Companies in the United States.
Just how BAD is Obama’s line of thinking on this matter? Well… Just a short time after his little speech… his OWN Democratic controlled Senate voted the Bill -- DOWN! And with a Bipartisan Majority I might add. No other words needed on that! Lol… But, I can’t help myself…
Let’s go back to the President in the Rose Garden this morning. I have never seen so much misinformation, one taking credit for things they had NOTHING to do with, spoken from one President, at one time, in my LIFE! I mean, I had to laugh in total disbelief at what he was saying and expecting MOST Americans to buy into.
Let’s stop here, for now, and watch just what the man had to say this morning. Listen carefully to what he says on what HE HAS DONE for the Oil/Gas efforts of our Country during his run as President.
Lol… This guy is truly all KINDS of a Work of Art!
Read the FULL transcript HERE
-- Video courtesy of the White House --
Now that you watched the video, let’s start with the following words by President Obama. …“Now, I want to make clear, we all know that drilling for oil has to be a key part of our overall energy strategy. We want U.S. oil companies to be doing well.” So far so good… we ALL agree with that. Everyone but Obama… He’s anti oil/gas for god’s sake! And his past actions or non actions of… prove it. Can we say Canadian Pipeline for one?
“We want them to succeed.” Again… No he doesn’t. “That’s why under my administration, we’ve opened up millions of acres of federal lands and waters to oil and gas production.” NO HE HASN’T! The previous Administrations of Bush and Clinton DID! “We’ve quadrupled the number of operating oil rigs to a record high.” NOOO! These things happened on Private or State lands that you, Mr. President have NO control over. You didn’t do CRAP! And you and your administration know it. Yet here you stand before the American people and say it so. What a TOOL! In fact, all of the Drilling on Federal Lands you DO have control over has been CUT under your Administration by 40%. Not to mention that under your Administration that makes you as having the LOWEST number of onshore leases issued since 1984. Didn’t mention any of that… did ya? And don’t EVEN get us started on your Offshore NON activities. “We’ve added enough oil and gas pipeline to circle the Earth and then some.” We KNOW that one is a lie too!!! Again, past Administrations, YES… you, not so much. Mr. President, if anything your Administration has done everything it could to KILL such things! Again, I use the example of the Canadian Pipeline. “And just yesterday, we announced the next step for potential new oil and gas exploration in the Atlantic.” Talk… talk… talk… but never ANY ACTION!!! You’re an empty suit, dude… All TALK…. NO ACTION! On these kinds of matters anyway.
“So the fact is, we’re producing more oil right now than we have in eight years, and we’re importing less of it as well. For two years in a row, America has bought less oil from other countries than we produce here at home -– for the first time in over a decade.”… AND NONE OF IT had a THING to do with YOU, Mr. President!
…“And keep in mind, we can’t just drill our way out of this problem.” That’s just not so either. As I wrote last week in another post: By using these new technologies, [such as Fracking,] we have found many a MAJOR Natural Gas Field around this great country of ours, the Haynesville Shale being the largest. And with all this new Natural Gas coming on line and flooding the markets… well… prices fell like a rock in a pond, HITTING BOTTOM! … I think we can all remember that it wasn’t but just a few years back that Natural Gas was costing over $15.00 a thousand cubic feet! After the markets got flooded and after an extra warm winter this year… Natural Gas prices have bottomed out and as of the last time I looked, today… it had locked into a trading range for the last two weeks from between $2.20 and $2.40. (And Obama say’s Drill Baby Drill won’t do any good on Oil/Gasoline prices. What the heck does he think happened with NATURAL GAS? The NG Fairy appeared and prices just, DROPPED!!!) “As I said, oil production here in the United States is doing very well, and it's been doing well even as gas prices are going up.” I say drill like hell and flood the Oil Markets, as we have seen with Natural Gas. And just see what happens. Oil/Gas prices would fall like a bolder in a pond with this one… along with groceries and so on, and so on… Not to be left out… 100’s of thousands of new JOBS! “Well, the reason is because we use more than 20 percent of the world’s oil but we only have 2 percent of the world’s known oil reserves.” All true but the KEY words Obama uses are… 2% of the KNOWN OIL RESERVES. Again, True… But that is very misleading and overlooking all the newly discovered, yet not produced oil and gas fields, onshore and off, that we have as of yet developed. And again… this is all because of all the restrictions and just FLAT OUT not being allowed by the Obama Administration. “And that means we could drill every drop of American oil tomorrow but we’d still have to buy oil from other countries to make up the difference. We’d still have to depend on other countries to meet our energy needs. And because it’s a world market, the fact that we’re doing more here in the United States doesn’t necessarily help us because even U.S. oil companies they’re selling that oil on a worldwide market. They’re not keeping it just for us. And that means that if there’s rising demand around the world then the prices are going to up.”… Give us a break man! REALLY!!!
…“I want us to control our own destiny. I want us to forge our own future. And that’s why, as long as I’m President, America is going to pursue an all-of-the-above energy strategy, which means we will continue developing our oil and gas resources in a robust and responsible way. But it also means that we’re going to keep developing more advanced homegrown biofuels, the kinds that are already powering truck fleets across America.
We’re going to keep investing in clean energy like the wind power and solar power that’s already lighting thousands of homes and creating thousands of jobs.” REALLY!!! Most every Green Energy Company Obama has invested our hard earned tax money into… and we are talking many a Billions of dollars of it… have gone belly-up or in a heap of trouble right now. (Read more at my earlier Post -- Fracking… GOOD! Obama’s Energy Policies… Freaking BAD man!!!)
Yeah… we GOT to get this man out of office this November… He’s KILLING US!