[Hoot Gibson]

There making record profits. So hey whats the big deal.


Big Oil wins, and we all lose


President Barack Obama's plea to Congress to end $4 billion in tax subsidies to oilcompanies was rebuffed Thursday as the Senate turned back a Democratic bill to repeal the tax breaks

Moments after Obama made his election-year appeal in the White House Rose Garden, the Senate failed to reach the threshold of votes needed to proceed to a measure that would have ended the subsidies. Obama had argued that Americans are getting hit twice — once at the gas pump, and once more by sending billions of dollars in tax subsidies to oil companies.

"I think it's time they got by without more help from taxpayers who are already having a tough enough time paying the bills and filling up their gas tank," the president said. "And I think it's curious that some folks in Congress, who are the first to belittle investments in new sources of energy, are the ones that are fighting the hardest to maintain these giveaways for the oil companies."

Who do you think is going to pay the oil companies' higher prices - assuming that Democrats in Congress are stupid enough to vote for higher gasoline prices in an election year? I don't understand how people can be stupid enough to believe that raising taxes on oil companies will do anything but tack on a few cents to a gallon of gasoline.