Obama Rails Over $4 Billion in US Oil Subsidies… But Spent $1.6 Billion on Chinese Wind Turbines & $2 Billion on Brazilian Oil
Posted by Jim Hoft on Tuesday, April 26, 2011, 12:11 PM
(My Wind)
Obama railed against the oil companies again today. Obama said the US government gave $4 billion in subsidies to US oil companies.
The Hill reported:
President Obama lashed out at oil companies — and the tax breaks they get from the government — for a second consecutive day on Thursday and again in Saturday’s address.
“Four billion dollars of your money are going to these companies at a time when they’re making record profits and you’re paying near record prices at the pump,” the president said at a Nevada town hall. “It has to stop.”
While Obama railed against US companies he forgot to mention the billions his administration has approved for foreign energy companies.
The administration paid over one billion dollars in stimulus funds to a Chinese wind turbine manufacturers.
And just last month Barack Obama approved US investment of more than $2 billion on Brazil’s state-owned oil company
And, don’t forget democrats gave $3 billion to ACORN crooks in their failed stimulus plan.
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Published May 23, 2012 at 4:57 am - 2 Comments
vagabond trader commented:
Demagogue.
Wake me up when you come up with a viable alternative that doesn’t need to be plugged in every night and isn’t being pimped by one of your cronies.
GrayRider commented:
Our Liar/Hypocrite in Chief is in way over his head and pay grade.
Redwine commented:
I can’t take this vile regime anymore! And I know it’s going to get worse. Much worse.
ar05075 commented:
Yet he doesn’t seem to mind that GE pays no taxes.
Mark1957 commented:
Don’t forget about the $2.84 billion to Columbia to build an oil refinery, when we have’nt built one in the US since 1974. To hell with Obama.
Mark1957 commented:
here’s the link.oops
http://www.ihatethemedia.com/were-giving-columbia-2-84-billion-for-oil-refinery
Finncrisp commented:
Barry wants to cancel oil tax incentives to bring on $8.00 gasoline. This is the only way for him to simultaneously assert the claims to WORST PRESIDENT EVER, and the one who completely ended the American Dream.
This man is EVIL and is showing his true color more and more every day. Does anyone doubt he has no love for this country, and in fact despises it, and us?
gus commented:
What does the dimwit mean by subsidies?? Is the Feckin’ Jackass asserting that the U.S. GAVE OIL COMPANIES 4 BILLION DOLLARS?? Is the fukkwad trying to assert that the U.S. is paying OIL COMPANIES??
Libtards??
Beuhler??
Anyone??
Then ask yourself. Self, Gas prices are really high, what should we do?? I KNOW, TAX OIL COMPANIES. That will help.
What the fukk is wrong with US????????
Mama Lion commented:
Nothing he says surprises me anymore; however, I am not yet tired of fighting.
workingclass artist commented:
Hell! Shell lost 4 billion in prep & leasing after Soetero denied permit for drilling….
This is a BS WAR on the Energy States….plain & simple….
workingclass artist commented:
Soetero is EVIL…..He is trying to break the back of OUR American Economy….
Jonapope commented:
Obama reminds me of the cried wolf, he preaches about the importance of alternative energy which have proven to not be very efficient. So now when he screams wolf against the subsidies to oil companies, is anyone beside the far left going to believe him?
gus commented:
Does the FUKKTARD in Chief fly a GREEN UNICORN on his trips?
We need to fight this prikk until he is gone.
Ceroth commented:
He is such a dumbass.
Major Kong commented:
Can’t wait to hear John Boehner’s scathing response to the Great Pretender’s latest bitch-slap to our nation.
redc1c4 commented:
plus all the money for a refinery in Columbia…
truth teller commented:
It’s getting to the point where the American People need to impeach this incompetent idiot. We cannot afford to have the future of 300M+ Americans destroyed due to the decisions of one, very unqualified person.
Do we really have time to wait for him to be removed by vote?
gus commented:
Maybe a-hole Obama should of considered the cost of his 850 BILLLLLION Pork bill. You remember the 850 BILLLLLLLION dollar pork bill. The one with the shovel ready jobs????
Major Kong commented:
#17 April 26, 2011 at 2:50 pm
truth teller commented: Do we really have time to wait for him to be removed by vote?
Sorry, but with this group of spineless Republicans the very last thing the Great Pretender has to worry about is impeachment. Ain’t gonna happen, no way, no how.
bigkahuna commented:
I wish our freaking limp wristed GOP would stand up and say Look Obama you skinny POS, deadbeat public dole sucking leech….
What you call subsidies…EVERY other company calls tax write offs for research and Development. Every compnay including Google, Apple, Microsoft, GE, GM, Ford etc etc etc etc
Every industry uses them. Oil, Gas, Pharmaceutical, manufacturing, service etc.
Speculators are stock buyers you freaking morons. Everyone who buys a stock of any kind is a speculator. Stock futures are bought on a speculation it will go up in price, or down if selling short.
Commodities speculators are the same thing buying ” futures” or shares of a certain commodity. They are assuming the prices will go up or down.
Every teachers , fireman, city workers and private unions worldwide invest in all of these things. That makes them all speculators.
I am sick and tired of liberals demonizing successful companies and people. Why not demonize failing companies that have stolen tax dollars to stay afloat? You know GM, Chrysler , Fannie, Freddie, They have cost the taxpayers billions. and we are not getting it back.
We SUBSIDIZE Brazilian oil drilling and etc and demonize our own. This clown should be jailed…after being tarred and feathered.
If we eliminate those subsidies we eleiminate all subsidies for ACORN, Planned Abortionhood, ALL UNIONS including GM, FANNIE, FREDDIE, GE, Eliminate all Obamacare Waivers, Eliminate all taxbreaks exemtions for all churches who are preaching politics in the pulpit instead of God, PBS, NPR, Berkshire Hathaway and its subsidiaries, Farmers, etc etc etc
Screw Obama and the Seabisuit he rides every night in bed!
Granny commented:
#
#10 April 26, 2011 at 2:35 pm
workingclass artist commented:
Hell! Shell lost 4 billion in prep & leasing after Soetero denied permit for drilling….
__________
I’ve got to tell you, as far as I’m concerned the US Government leased oil lands on the basis that if oil was proved to be there the leasing party could then drill for oil – and those leases were not cheap by a very long shot. If that is not the case and now Shell, having invested a couple of billion for the lease and another couple of billion to prep for drilling, is to be denied the required permit to drill the the US Government owes Shell at the very least the $2 billion they paid in leasing fees for breach of contract. Those leases are not given out on some basis of “pay us so you can find oil which we will then not allow you to drill for.”
sandy commented:
The solution is not to cut Oil subsidies but to DRILL FOR OIL IN THIS COUNTRY. After bowing and kissing the bums of Arab Dictators — its obvious that Arab have no respect for Obama.
Perhaps Obama will ration driving — which should kill off the rest of our jobs. But putting people in jail for driving to work will make him look SOOOOO POWERFUL.
In two years we will officially be a second rate nation. WTG Big O
Militant Conservative commented:
Yet more proof of the liar n chief.
This socialist is the CAUSE of our pain, everything he does is for the glory of Allah.
Powder is dry
Ritchie The Riveter commented:
And let’s not forget that the Feds make more per gallon of gas in taxes, than the oil companies do in profits!
But NOOOOO … the government doesn’t try to make a profit, so it can’t be acting from a basis of self-serving agendas and greed on the part of those running it. [/sarc OFF].
Trialdog commented:
Major Kong, you’ve been waiting since 2:47. You’ll be waiting tomorrow. And into the weekend. And forever. Never “wait” for a refudiation of Obama’s manipulative lies from John Boehner. It will not happen.
jomojava the infidel commented:
And the 45 cent per gallon subsidy for corn ethanol amounts to several billion dollars more than the Evil Big Oil subsidy.
avery commented:
Just now on FOX, they said they “BAN” drilling in Texas, because of a Lizard.
workingclass artist commented:
Who owns most of the planets COBALT mines….ummmm….CHINA
Batteries are made with COBALT….
ECO Globalists want to break our economy….Want us to be dependent on CHINA through electric cars & mass transportation…..Want us to be subserviant to the UN & European World Court…
These INSANE people are doing everything they can to DESTROY our way of life….They undermine & attack Americans on every front….churches….schools….culture….business….environment….states independence….citizenship….foreign policy & relations….race & ethnicity….economic class….social mobility….values….comm sense….free speech…our press…the internet…our borders….our military….our patriotism….our shared history as a country….our families
OUR CONSTITUTION…..
workingclass artist commented:
#27
Perry and the EPA have been dancin that tango for a while….There are big fields in West Texas and into Oklahoma….A lot of them have been dormant but the oil & gas are there…
workingclass artist commented:
Folks need to read up…..just sayin’
http://www.energytribune.com/articles.cfm/6933/US-Has-Earths-Largest-Energy-Resources
http://www.realclearpolitics.com/articles/2011/04/17/energy_a_tale_of_two_narratives_109581.html
Doug commented:
“Subsidies”………This is the wrong word just tossed around by the “political hack” who is our president and others that don’t like business. The oil companies get to “depreciate” their investments just like all other companies. There is a Tremendous amount of difference.
succotash commented:
Yes it was on Fox while ago that the EPa is putting a 3inch lizard (sagebrush) on the endangered species list and there is to be no further drilling in the Permian basin in Texas. This admin. is doing everything in its power to cripple this country economically,morally and socially. God help us.
Uggy Parfait commented:
18% say Obama born in USA, Poll. I say put him on death row, according to US Constatution.
He is a criminal.
Uggy Parfait commented:
Also, this is a great post that most americans do not notice. Obama is helping other economies but not ours.
grassfarmer commented:
How about the 2 Billion he gave USDA for payments to blacks who never farmed, but now claim they did. It was the slave payment he had promised before the election. More black farmers now than ever before in history.
workingclass artist commented:
congressional impeachme hearings….Boehner….NOW!
workingclass artist commented:
#35 PIGFORD….the hero leading the fight against that fraud is one of the original black farmers whose case was HIJACKED by the cheaters & scam lawyers & welfare junkies….
And he’s been very vocal about the fraud….says these folks are ripping off America
tommy mc donnell commented:
the myth of the media’s economic strategy is simple, no oil, no gas, no coal, no nuclear energy, no economy. its a marxist’s job to destroy the existing order. and he is aided and abetted in his goal to destroy this country by every teddy kennedyism practicing member of the democratic party.
tommy mc donnell commented:
the hell with big oil, i’m pissed about big wind.
mg4us commented:
let’s see $2B to Brazil, + $1.6 on Chinese Wind Turbines. . .seems pretty darn close to $4B. . .
But then this Harvard dumbo doesn’t no how to count. .it is above his pay grade. This guy makes Jimmy Carter look like a genius. I guess this is what affirmative action leads to!
2012 can’t come soon enough
Obama – Incompetent, Inept, Inexperienced & radical too!! O-buma!!
tarpon commented:
He thinks we are stupid …
workingclass artist commented:
Well I’m from Texas…we contribute 25% of the national GDP….I care about Big OIL cause they provide jobs….and Chevron is wanting to tap into the western fields again…I am also fond of Houston….just sayin’
uggy parfait commented:
Obama is a lair, again, again, again, ad infinitum.
money gets votes commented:
it never ever stops….he is making sure he destroys America..our farms, science, fisheries, land, OIL, energy, coal, health care is destroyed (wait till you get your new drug charges) he will be charging FEES to every drug company, our education (jennings-pervert)–geez look what he did to our GULF!!!
rampart ranger commented:
Actually, it was a $10 billion loan guarantee to Brazil, and yes, there is a very strong Soros connection:
http://stumpedagain.wordpress.com/obamas-deep-drilling/
Rock commented:
The only hope 2012 will offer is if the Mayans got the date right, short of that not mush hope for us. There is absolutely no way that the mentality that has orchestrated this infiltration and destruction of the Country is going to let all their work and maneuvering be undone or damaged by something like an election, or at least an honest one. We already know Holder and his Justice Department are part of the team that has betrayed America. Out Military might is being consumed by 2 1/2 wars, law enforcement has been absorbed by the unions, and the majority of the appeals courts have been infiltrated by Socialist. I fear this will end in blood shed unfortunately.
The Dems and WTF have given me this year alone a $300 increase a month cost in food for a family of 3, a $90 a month increase for gas, all my insurance policies have risen, and my retirement check has taken a $200 a month hit. Yet WTF and WTF wife and kids live high on the hog, while his different regulatory agency look for more insidious ways to destroy my life. So quite frankly Frak the One.
Rock commented:
#41 April 26, 2011 at 5:42 pm
tarpon commented:
He thinks we are stupid
……………………………………………………………………………….
And every day he remains in office is confirmation for him.
Fuzzy commented:
He gave Brazil $10 billion in 2009 for drilling offshore. This $2 billion is in addition to that. Any guesses for how much he gave them in 2010?
AuntieMadder commented:
He hates us and, unless stopped, won’t be finished until he’s destroyed us.
befuddled commented:
i love it. he talks about main st. vs wall street. he talks about taxing the rich. so mr. president, when you tax the rich oil companies and other businesses, where do you think that new found wealth you created actually comes from? love this guy. if he can’t tax you from the front he will do it from behind. tax and spend, that’s what they do.
also very interesting how a few years ago China was cornering the market on precious metals. now, obama and al gore come along with their global warming chicanery and drive us straight into dependency. let’s not forget the war on energy that democrats have been spearheading for so long. democrats are the tip of the spear when it comes to bankruptcy.
S. Wolf commented:
And don’t forget..
‘Let us not forget that President Obama already submitted his own budget two months ago – a budget that continues to spend the nation into economic oblivion at a tune of 1.65 TRILLION in additional deficit spending. This past week, Mr. Obama made nary a mention of that just 8-week old budget proposal, instead blaming the deficits of the 1980s and the previous decade for the current fiscal challenges. The president washed his hands of his own trillions in deficit spending by simply stating it was “necessary”. And while Republicans are now at least appearing somewhat legitimate in their concerns for dealing with America’s debt crisis, President Obama attacked that concern in a manner beyond mere partisan politics. By declaring Republicans were pitting children with autism or Down’s syndrome against every millionaire and billionaire in our society, Obama found himself absent of anything resembling presidential yesterday. He was quite simply, a progressive political hack of the worst order.’
http://newsflavor.com/politics/us-politics/the-ulsterman-report-president-titanic/
Ginger commented:
It is time to march on the house of congress and demand that they get rid of Boehner and elect Mechille Bachmann as majority leader. I am serious! If true about the Swiss bank accounts and Boehner being one of them I can see why he is doing NOTHING!
m perez commented:
C’Mon, Kissinger gave Obama his first gig… so you KNOW his is a deliberate slime….
He’s just a distraction…
Bill commented:
I hear a lot of complaining, name calling and foul language being used here but no real solutions. To save the US economy, which for the conservatives is not only Obama’s fault, it goes way back to Nixon when he allowed the creation of HMO’s that destroyed health care in America. Both parties are at fault and if you cannot see this you are a brainwashed moron. The solution to our major economic problem is to end free trade, bring industry back to the US, and begin to use protectionist tariff’s again. Free trade is only good for the rich and does nothing for the common man. Our economy went down the toilet as soon as NAFTA was put into law. As Ross Perot said once NAFTA was passed we would hear a big sucking sound as industry and jobs left the USA, he was right. We need to break the Democrat and Republican parties and elect moderate people that actually care about the USA and not just their bank accounts. We could also start to tax corporations and get rid of the loopholes that allow them to get away with paying no income taxes. There are solutions to our economic problems and they all involve upsetting the rich and that is why it will not happen. So when the door is shut and the key is gone the rich will be living it up in another country and we the backbone of America, the middle class, will be doomed.