Wednesday, April 27, 2011

Obama to stop subsidies to oil case

President Barack Obama offers the "iron fist" against oil companies, thanks to skyrocketing oil prices are making high profits at the expense of consumers. In a letter addressed to Congress, the occupant of the White House demands that all the 4 billion annual oil subsidies that go to homes, and to reinvest that money in clean energy and safe, in order to reduce U.S.

dependence on oil . In a letter to Republican and Democratic leaders of the House and Senate still reads: "Our political system has for too long avoided and ignored this important step and I hope we can join in a bipartisan way to accomplish it." Meanwhile, the cost of oil traveling well above the $ 110 a barrel, while gasoline prices are above $ 4 a gallon (3.8 liters), a record for the United States.

The proposal to cut tax breaks to oil companies was met with skepticism by Republicans, according to which would lead to a resulting increase in fuel prices. The increases of recent months are forcing Americans to use their car less, a symbol of the capitalist system of the United States.

This situation could turn into a decrease in popular support in the president that in less than 18 months will face the difficult question of the polls, scheduled for 2012. Despite this danger, Obama seems determined to continue his battle, trying to solve the problem in a bipartisan. The objective of the President is in fact to reduce the long-term U.S.

dependence on foreign oil, so as to eliminate or drastically reduce the vulnerability of the state from the continuous fluctuations in the oil market, which will inevitably reflect on the real economy of country. The only way out of this vicious circle is to re-invest public money in the future energy sources - such as photovoltaic and wind energy - in order to maintain America's competitiveness on a global scale.

Only time will tell whether the decision of President Obama can reverse a trend really rooted for years, unfortunately the latest Washington Post poll published by the authoritative point out a disturbing skepticism, only 39% of the American people to promote the political choices of Obama last three years, and only 33% of its economic policy.

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