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LEFT WING LOONS
See other LEFT WING LOONS Articles

Title: Barry bitching about Evil Big Oil, again
Source: Breitbart
URL Source: http://www.breitbart.com/article.ph ... 2e921687d3b.211&show_article=1
Published: Apr 30, 2011
Author: afp
Post Date: 2011-04-30 11:15:11 by Happy Quanzaa
Keywords: Obama-doma-ding-dong, Obamatuer Hour, Obamanomics in Action
Views: 6108
Comments: 14

Obama renews call for ending oil subsidies

US President Barack Obama on Saturday said Congress should halt subsidizing oil companies to invest in the energy of the future.

"When oil companies are making huge profits and you?re struggling at the pump, and we?re scouring the federal budget for spending we can afford to do without, these tax giveaways aren?t right," Obama said in his weekly radio address.

"They aren?t smart. And we need to end them," he added.

The appeal came as US consumers chafed under gasoline prices that have climbed a dollar from a year ago to about an average $4 a gallon (3.8 liters) at the pump.

Obama and potential opponents in next year's presidential election have pushed the issue onto the front burner.

On Tuesday, the president called on Congress to cut $4 billion in subsidies to profit-churning oil firms and he repeated his appeal on Saturday.

Obama noted that this past week, the largest US oil companies announced that they had made more than $25 billion in profits in the first few months of 2011, up about 30 percent from last year's figures.

The president said he was not opposed to increasing US oil production.

"But I also believe," he went on to say, "that instead of subsidizing yesterday?s energy, we should invest in tomorrow?s -- and that?s what we?ve been doing."

Obama said his administration was already making investments in solar and wind power as well as other energy-efficient technologies.

"And I think that?s an investment worth making," he added.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Happy Quanzaa (#0)

That British Kenyan fella hObama sure knows how to kill an economy, and drive up gas prices.

But don't worry, he's printing more money.


"We (government) need to do a lot less, a lot sooner" ~Ron Paul

I recall a re-run of MASH I saw where this uber right winger named Colonel Flagg...
Godwinson posted on 2011-02-23 11:47:32 ET
http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=18011&Disp=46#C46

Hondo68  posted on  2011-04-30   11:27:06 ET  Reply   Trace   Private Reply  


#2. To: Happy Quanzaa (#0)

On Tuesday, the president called on Congress to cut $4 billion in subsidies to profit-churning oil firms and he repeated his appeal on Saturday.

BFD. The cost of war around the world in Iraq for ABSOLUTELY NOTHING is only one BILLION/day give or take a few human lives.

buckeroo  posted on  2011-04-30   12:29:19 ET  Reply   Trace   Private Reply  


#3. To: Happy Quanzaa (#0) (Edited)

Let's set a little perspective here:

CompanyProfit Margin
Apple40.30%
Microsoft30.84%
Google28.43%
Goldman Sachs21.33%
Exxon Mobil8.89%
Shell6.74%
Walmart3.89%


"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899

jwpegler  posted on  2011-04-30   12:45:41 ET  Reply   Trace   Private Reply  


#4. To: jwpegler (#3) (Edited)

Let's set a little perspective here:

You oil guys can spin it all you want but on that list the only one representing a product I absolutely must have yet cannot create for myself are represented by #5 and 6.

"http://first-draft-blog.typepad.com/.a/6a00d8341c5ced53ef0148c7a28c4b970c-320wi"

Rek  posted on  2011-04-30   13:06:14 ET  Reply   Trace   Private Reply  


#5. To: jwpegler (#3)

http://finapps.forbes.com/finapps/jsp/finance/compinfo/Ratios.jsp?tkr=xom

Exxon's pre-tax profit margin is 14.3%.

Your streak of posting incorrect information continues unabated.

What was their "post tax" profit margin?

America...My Kind Of Place...

war  posted on  2011-04-30   13:14:56 ET  Reply   Trace   Private Reply  


#6. To: war (#5)

You really are a dumb shit aren't you? I posted total profit margin. You posted pre-tax margin. It's not incorrect data you stupid leftist moron.

It's right here you stupid leftist asshole.


"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899

jwpegler  posted on  2011-04-30   13:26:33 ET  Reply   Trace   Private Reply  


#7. To: jwpegler (#6)

#3. To: Happy Quanzaa (#0) (Edited)

LIAR.

America...My Kind Of Place...

war  posted on  2011-04-30   13:28:02 ET  Reply   Trace   Private Reply  


#8. To: war (#7)

Obama cocksucker.


"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899

jwpegler  posted on  2011-04-30   13:29:54 ET  Reply   Trace   Private Reply  


#9. To: jwpegler (#8)

Chuckles...you got caught in a lie rather than admitting that you made an error in your original post.

You are now Boofer, Jr.

America...My Kind Of Place...

war  posted on  2011-04-30   13:30:49 ET  Reply   Trace   Private Reply  


#10. To: buckeroo (#2)

BFD. The cost of war around the world in Iraq for ABSOLUTELY NOTHING is only one BILLION/day give or take a few human lives.

The cost of the wars are another oil subsidy.

"http://first-draft-blog.typepad.com/.a/6a00d8341c5ced53ef0148c7a28c4b970c-320wi"

Rek  posted on  2011-04-30   13:44:54 ET  Reply   Trace   Private Reply  


#11. To: hondo68 (#1)

That British Kenyan fella hObama sure knows how to kill an economy, and drive up gas prices.

Not a chance. The American oilman got there first.

The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher

lucysmom  posted on  2011-04-30   15:38:19 ET  Reply   Trace   Private Reply  


#12. To: Rek (#10)

The cost of the wars are another oil subsidy.

Yes they are. When figuring the true cost of oil war, the cost of Newly placed gravestones. Mangled bodies. Shattered minds. Broken hearts and homes. Economic instability. Depression and all its attendant miseries. Back-breaking taxation for generations and generations.* should be figured into the total.

*Major General Smedley D. Butler, USMC, Retired War is a Racket

The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher

lucysmom  posted on  2011-04-30   15:51:06 ET  Reply   Trace   Private Reply  


#13. To: war (#9)

Chuckles...you got caught in a lie rather than admitting that you made an error in your original post.

I made no such error.

I original post was edited before you read it.

I posted a HTML table. It's did't look good. I edited the format many times to make it look right.


"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899

jwpegler  posted on  2011-05-02   18:50:53 ET  Reply   Trace   Private Reply  


#14. To: All (#8) (Edited)

I want to apologize to the good people on this board for my uncharacteristically vulgar outburst.

The country is on the verge of collapse. The leftist scum just don't get it.

Not only do they advocate even more horrible policies, they try to make us waste our time with personal nonsense that has nothing to do with the crisis at hand.

I got mad at one of the chief leftist scums on the board. I shouldn't have. I usually don't.

I am truly sorry. I will be more polite in the future.

Thank you.


"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899

jwpegler  posted on  2011-05-02   18:57:29 ET  Reply   Trace   Private Reply  


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