[Peakoil] Obama Seeks to End Subsidies for Oil and Gas Companies

[Jenny Goldie]

Obama Seeks to End Subsidies for Oil and Gas Companies
NASHUA, N.H. - With his re-election fate increasingly tied to the price Americans are paying at the gas pump, President Obama asked Congress on Thursday to end $4 billion in subsidies for oil and gas companies and vowed to tackle the country's long-term energy issues while shunning "phony election-year promises about lower gas prices." 

http://www.nytimes.com/2012/03/02/us/politics/obama-calls-for-an-end-to-subsidies-for-oil-and-gas-companies.html