Fossil Fuels

Published on March 2nd, 2012 | by Zachary Shahan


Oil Subsidies Need to Go, Obama Rallies

March 2nd, 2012 by  

One week ago, I covered some of Obama’s statements from his energy speech in Miami. One of the big points of interest was his emphasis that “drill, baby, drill” isn’t an energy strategy — “that’s a bumper sticker,” Obama said. Now, a new video has just popped onto the scene that has Obama going all logical and grassroots-activist on oil subsidies. Here’s the video and text (posted on Planetsave this morning):

Obama wants Congress to vote yes or no on extending $4 billion in oil company subsidies within the next few weeks (video below).

Obama has stepped up to the plate big time with this portion of a recent speech on energy below. First is the video, followed by some of the key quotes in text with commentary:


“Right now, $4 billion of your tax dollars, $4 billion, subsidizes the oil industry every year.” (Struggles to hold in a smile…. I wonder why… maybe because the oil industry basically threatened him after he rejected a proposal to rush through permitting of the Keystone XL oil pipeline without conducting a required environmental review first. Or maybe just because he knew the audience would be up in arms about that statistic. Who knows — it’s anyone’s guess.)

“$4 billion — now, these, these companies are making record profits right now. Tens of billions of dollars a year.”

“Now, does anyone really think Congress should give them another $4 billion this year? Of course not! It’s outrageous, it’s inexcusable, and I’m asking Congress, eliminate this oil industry giveaway right away. I want them to vote on this in the next few weeks. Let’s, let’s put every single member of Congress on record. You can stand with oil companies, or you can stand up for the American people. You can keep subsidizing a fossil fuel that’s been getting taxpayer dollars for a century, or you can place your bets on a clean energy future.” (Obvious choice.)

And, in closing, a good call to action:

“So I’m asking everybody here today, anybody who’s watching at home, let your member of Congress know where you stand — will you do that?”

h/t Climate Denial Crock of the Week
–> Check out the post on Obama’s “drill, baby drill” and environmental conservation points for more along these lines.

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About the Author

is tryin' to help society help itself (and other species) with the power of the typed word. He spends most of his time here on CleanTechnica as its director and chief editor, but he's also the president of Important Media and the director/founder of EV Obsession, Solar Love, and Bikocity. Zach is recognized globally as a solar energy, electric car, and energy storage expert. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in.

  • Kadnew2006

    The oil companies don’t need our 4 billions, they rake in billions of profits every quarter, after quarter.
    Why in the crap does “tensions” with Iran raise oil prices? Just another lame excuse to steal money from those who have to buy gasoline, etc.
    This tension crap needs to stop, along with the 4 billion to rich, big, oil companies.

  • Jonah_Falcon

    Ok Bob_Wallace. You go ahead and ride Barry’s ship to the bottom.
    National debt when he took over – $10 trillion and change. Projected at the end of his term is $16 trillion.

    Fact is he’s on a spending mission and trying to neglect fossil fuels at our expense. We can’t afford it and you are going to realize this soon enough. When bread is $20/loaf.

    Layoff of the week – 1300 fine folks at GM because the Chevy Volt isn’t selling.

    Like the volt, we can’t afford wind, solar, kelp, wave, ethanol, etc, etc.

    • Bob_Wallace

      I suppose the only question I have is whether you are intentionally or unintentionally ignorant?

      President Obama laid out a plan to eliminate the national deficit so that we could start paying down the national debt. (Of course to make this happen would require a Congress willing to work for rather than against America.)

      President Obama raised the fleet mileage for US cars. That will make our oil supply last much longer. We’re shutting down about 10% of our existing coal plants and building no more. We’re turning off other coal plants when renewables give us the power we need. That will extend our supply of coal. (It’s not like the baby jeebus is making more of this stuff at a high rate.)

      Soon after President Obama came to office the job loss problem left to us by the Bush administration was turned around and we have been generating new jobs every month for some time now. Unemployment is starting to drop. If Republicans would help we could get people back to work even faster.

      The GM layoff is most likely due to the right-wing campaign to misrepresent the Volt battery fire incident. Another example of the right-wing noise machine cranking out lies and their followers sucking them up.

      But don’t worry, 2013 Volt prices will be lower because battery prices have fallen. And the battery-only range may be increased. Volts will do just fine. Good American cars, built in America, by American union labor.

      What you don’t know is enough to kill an ox….

      • Jonah_Falcon

        We can’t all be as knowledgeable as you Bob.
        Lessseee, I counted no fewer than 6 excuses with the daddy of them all “bush made me do it”. Oh wait, we have the “right wing did it” excuse too.


        Enjoy your $20 bread which may or may not be made by union labor.

        I heard contraceptives already cost upwards of $3000 in the DC area. They must be union made too.

        • Bob_Wallace

          Well, Jonah, it’s clear that some are just not all that intelligent. And you give us an example.

          You’ve confused facts and “excuses”.

          Now, I’d like to help you out Jonah. I’m willing to bet that you’re capable of improving yourself.

          I’d suggest you stop listening to right wing radio and stay far away from Fox. Start reading a wider range of ideas and start thinking for yourself. You needn’t go all the way to the left to find out what is actually happening in the world, just moving to the center would be a great start.

          It’s never too late to start learning….

  • Jim

    Thanks Jonah; In Rome during the time of bread and circuses there were
    two teems of gladiators.The Red and the Yellow,and the spectators in the stands would regularly get into beefs and kill each other fighting for their chosen teem.Meanwhile the Senators were buying up land as a hedge of the failing currency.’We don’t need no steekin Democrats or Republicans’,
    alls we need are primary colors.

  • Ross

    The full speech, including at the start, someone in the audience fainting was uploaded by the Whitehouse website yesterday.

    • Oh, thanks! Didn’t know that. 😀

      Want to check it out.

  • lukealization

    That’s the first time I’ve heard a politician speak the truth for years.

    • Seriously. & so real about it. Best portion of a speech I think I’ve seen Obama give.

      • Jonah_Falcon

        Maybe you boys will escape the matrix someday.
        Meanwhile he has sucked you into his spend and print policy.

        this never gets old:

        “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.

        America’s debt weakens us domestically and internationally. Leadership means that ‘‘the buck stops here.’’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.

        That’s why today, I’m pledging to cut the deficit we inherited by half, by the end of my first term in office”

        –Barack Obama, February 2009

        • Dave2020

          What part of “pay an annual subsidy of $4bn to bolster big oil’s profits” don’t you understand?

        • Bob_Wallace

          Nice lie, Jonah. Your creation or are you just dittoing it?

          The first two paragraphs are from Freshman Senator Obama in a 16 March 2006 speech.

          The last paragraph is, in fact, pulled from a February 2009 speech in which President Obama called for a significant cut to the deficit and asked Republicans in Congress to help him meet that goal.

          It was part of a meeting purposed to get everyone on track to fix our economic problems and to open it President Obama laid out the basics of a plan which would have accomplished the goal he set.

          As you know, Republicans refused to do anything to help President Obama in their openly stated goal to make him a one term president. Even if it harmed the United States.

          If you recall the deficit soared under President Bush from $0.16 trillion in 2007 to $1.41 trillion in 2009. And President Bush left the next administration with two unfunded wars along with a damaged income stream created by cutting taxes on the very wealthy.

          Since then we’ve brought the deficit down slightly to about $1.3 trillion but since Congress controls the purse strings and refuses to require the very rich pay a fair share we haven’t made much progress on getting it down lower.

          President Obama won’t meet his goal of cutting the deficit in half by the end of his first term. Republicans have made that a certainty.

          President Obama hasn’t been able to close Gitmo either. Congress blocked that one as well.

          At what point do we start pointing our fingers at the real villains?

          Now, did you create that “stuff”, intentionally pass it along, or were you duped?

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