Tuesday, April 26, 2011

High cost of gasoline: the White House attacked the oil companies

The White House lashed out Monday at the American oil companies that are announcing this week their profits when gasoline at the pump is at its highest in three years. "The big oil companies will this week announce substantial profits, even record," said the spokesman of President Barack Obama, Jay Carney.

The U.S. president, as part of its plan to fight against the budget deficit and debt, wants to end subsidies to oil companies, amounted to $ 4 billion, and redirect aid towards renewable energy. "Given the constraints that we face, given the need to tighten our belt, given the need to reduce the deficit, the president believes it is wrong to continue to pay these subsidies, "said Jay Carney in his daily briefing.

The price of a gallon (3.78 liters) of gasoline at the pump already exceeds the $ 4 mark in several American states, not seen since the records of 2008, when a barrel of oil had briefly surpassed $ 147. The Americans who are full for "60, 70, $ 80 (...) are dismayed to learn that the big oil companies will announce record profits this week," added the spokesman.

"It is good that American companies make profits, [but] there is no need for taxpayers to subsidize companies who enjoy such benefits," he said, when a majority of Americans disapprove of the how their president handles the economy, which draws its approval rating falling. In late January, Barack Obama had asked Congress to end the tax breaks enjoyed by oil companies.

"I ask Congress to eliminate the billions of taxpayer dollars that we currently pay to oil companies. I do not know if you noticed, but they do very well on their own," he said. Instead of subsidizing the energy of the past, investing in its future. " Obama plans to use the "billions of dollars" to include the United States "the first country to have one million electric cars in circulation by 2015." The Republican chairman of the House of Representatives, John Boehner, also held an option to return the subsidies to oil companies.

"It's something that we do need to consider," he said in an interview on ABC. But he cautioned that before making such a decision, it was appropriate to take into account "all facts", including the impact on job creation. For John Boehner, Barack Obama loses the 2012 presidential election if the economy does not restart and if the price of gasoline continues to soar, because the Americans will in charge.

"If the economy does not improve, I do not think he will win. If people are not more satisfied with the program of government health coverage, I do not think he will win. And if Gasoline costs 5 or 6 dollars [a gallon] is sure he will not win, "he said.

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