Obama Administration Endorses the Lifting of Energy Industry Subsidies

Mar 28, 2012, 5:36 pm EDT

The Obama administration seems particularly intent on rolling back subsidies for the American oil and natural gas industry, as the Executive Office released a statement this Monday explicitly endorsing the passage of Senate Bill S. 2204 — Repeal Big Oil Subsidies Act.

The bill is currently undergoing debate in the Senate; its standing iteration lays out plans to scale back oil and natural gas industry entitlements over the span of a decade. In terms of financial specifics, the bill outlines an initiative to lift $21 billion in oil and natural gas industry tax breaks over a period of ten years — ultimately including the previously uncollected sum among a given year’s tax collection.

The March 26 statement directly claims: Read 

Newt Charging $50 for Photo Opps

Mar 27, 2012, 5:52 pm EDT
Newt Charging $50 for Photo Opps

Newt Gingrich has had a hard time raising money for his presidential campaign from anyone not named Sheldon Adelson. How bad have things gotten for Gingrich?

He’s now charging people $50 to get their picture taken with him at events.

This new fundraising scheme was implemented yesterday while Gingrich was campaigning in Delaware. The new policy seems unlikely to make a dent in either Gingrich’s campaign debt, which currently sits at $1.5 million since primary season began, nor will it likely win him voters. The most recent primary, held in Louisiana on Saturday, saw Gingrich lose one of the Southern states he had anticipated carrying. Gingrich finished third, behind the winner Rick Santorum and Mitt Romney, gaining 15.9% of the vote. Read 

Letter: Global Oil Production Has Little Impact On Oil Prices

Mar 27, 2012, 5:31 pm EDT

In regards to your “Home Drilling Does Little to Lower Gas Prices” post today on American Breaking Point, excellent read. Thanks!

I thought you might find the charts and commentary found here of interest:


Will Obamacare Supreme Court Case Stop Before It Even Starts?

Mar 26, 2012, 6:29 pm EDT
Will Obamacare Supreme Court Case Stop Before It Even Starts?

It is one of the most important cases the Supreme Court has heard in years. Finally, after President Barack Obama’s health care bill passed, and after those opposed to the bill challenged it in court, the highest court in the United States will hear arguments on the case over the next three days.

However, depending on how today’s argument went, the next two days may be a moot point.

Today’s arguments in the Supreme Court centered around whether or not the Supreme Court could even hear the case yet. Read 

Who Might Endorse Romney Next?

Mar 22, 2012, 6:44 pm EDT
Who Might Endorse Romney Next?

With a 300 delegate lead, a decisive victory in Illinois, and Jeb Bush’s endorsement, Mitt Romney seems to be sitting firmly in the driver’s seat for the Republican party presidential nomination.

That doesn’t meant the gaffe-prone candidate couldn’t use more help. That, of course, is where endorsements come in. While they aren’t always effective, they do hold some power, or else politicians wouldn’t court them.

So who might be next to lend their support to Romney? Read 

Jeb Bush Endorses Mitt Romney

Mar 21, 2012, 6:54 pm EDT
Jeb Bush Endorses Mitt Romney

Fresh off of a decisive win in Illinois yesterday, Mitt Romney added another endorsement to his list of Republican supporters. This one, however, may make a difference.

Former Florida Gov. Jeb Bush announced his support for Romney today, gaining crucial support from a popular politician in an important fall swing state. In his statement, Bush said that it was time to unite behind the candidate.

““Primary elections have been held in thirty-four states, and now is the time for Republicans to unite behind Governor Romney and take our message of fiscal conservatism and job creation to all voters this fall. “ Read 

1 209 210 211 212 213 262