Barack Obama

“ The American people shouldn’t be subsidizing oil companies at a time when they’re making near-record profits. As a nation, we should be investing in the clean, renewable sources of energy that are the ultimate solution to high-gas prices. That’s why we’re investing in clean energy technology, helping businesses that manufacture solar panels and wind turbines, and making sure that our cars and trucks can go further on a tank of gas – a step that could save families as much as $3,000 at the pump. ”

“ Finally, the third step we should take is to eliminate the taxpayer subsidies we give to oil and gas companies. In the last few months, the biggest oil companies made about $4 billion in profits each week. And yet, they get four-billion dollars in taxpayer subsidies each year. Four billion dollars at a time when Americans can barely fill up their tanks. Four billion dollars at a time when we’re trying to reduce our deficit. ”

“ But there are still too many Americans who are either looking for work, or struggling to pay the bills and make the mortgage. Paychecks aren’t getting any bigger, but the cost of everything from groceries to college tuition keeps on rising.
Without a doubt, one of the biggest burdens over the last few months has been the price of gasoline. In many places, gas is now more than four dollars a gallon, meaning that you could be paying more than sixty dollars to fill up your tank. ”