April 26, 2011
"Congress should consider cutting multibillion-dollar subsidies to oil companies amid rising concern over skyrocketing gas prices, House of Representatives Speaker John Boehner said on Monday.
"It's certainly something we should be looking at," Boehner said in an ABC News interview. "We're in a time when the federal government's short on revenues. They ought to be paying their fair share."
"Everybody wants to go after the oil companies and frankly, they've got some part of this to blame," he said.
But Boehner said he also wanted to "see all the facts" first.
Boehner's remarks echoed concerns expressed this month by President Barack Obama, who asked Congress to repeal $3.6 billion in annual oil, natural gas and coal subsidies, a move that would total $46.2 billion over a decade and help pay for clean energy initiatives.
But Boehner's comments go against Republican orthodoxy because the party traditionally is very supportive of the oil and gas industry and rejects most policies that would raise the costs of domestic energy production."
Better saddle-UP, Teabaggers!!!!
COME TO THE AID OF YOUR CORPORATION!!!
A red-herring. Obama will give subsidies to Brazilian oil company Petrobras, but screw American companies at the same instant.