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Obama delivers at Nashua Community College |
The US President Barack Obama has commended on the subsidies to repeal the $4 billion in subsidies that taxpayers endowed with the oil industry for each year and alleged about only one real path ahead for America's future and also urged that all the above loom that develops each basis of energy available to us.
Obama has unveiled that “So when it comes to oil production, under my administration, America is producing more oil today than at any time in the last eight years. That is a fact ... Under my administration, we have a near-record number of oil rigs operating right now -- more working oil and gas rigs than the rest of the world combined. Think about that.”
The US President Barack Obama has directing the federal government to tackle a assortment of issues that are having a genuine contact on what each of us pays at the force. For appetizer, he is working to avert the speculators from taking improvement of uncertainties in the freight market and trying to trim down bottlenecks in the deliver chain.
And Obama have announced that “[Oil] companies are making record profits right now -- tens of billions of dollars a year. Every time you go to the gas tank or fill up your gas tank, they’re making money. Every time. Now, does anyone really think that Congress should give them another $4 billion this year? Of course not. It’s outrageous. It’s inexcusable. And I am asking Congress -- eliminate this oil industry giveaway right away. I want them to vote on this in the next few weeks.”
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