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Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax

 
TXGal4Truth
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09/28/2009 08:07 PM
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Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
[link to www.wnd.com]

Posted: September 28, 2009
4:18 pm Eastern

President Obama declared war on oil and natural gas at the United Nations global warming summit, and he made the same pitch to the G20 meeting in Pittsburgh, Jerome Corsi's Red Alert reports.

"I will work with my colleagues at the G20 to phase out fossil fuel subsidies so that we can better address our climate challenge," he told the U.N.

In the draft final communiqué, the G20 nations agreed to phase out government subsidies to fossil fuels in the "medium term," without specifying target dates, according to a report published by Bloomberg.

The G20 draft document also asked the finance ministers to keep working on the "climate finance" issue as part of the preparation for the global climate summit scheduled for Copenhagen in December.

The Environmental Law Institute estimated that in the U.S., the biggest fossil fuel subsidies are tax breaks, the foreign tax credit and the credit for production of nonconventional fuels that added up to $72 billion over the seven year period studied, 2002 to 2008.

"Should Obama succeed, the end result will be tantamount to imposing a new tax on oil and natural gas production, with the outcome being that U.S. energy consumers will see energy price increases," Corsi warned.

"The Obama administration's budget request would strip essential capital from new American natural gas and oil investment by radically raising taxes on American production," Buddy Kleemeier, chairman of the Independent Petroleum Association of America and the chief executive of Oklahoma-based Kaiser-Francis Oil Company, told the Senate Finance Committee on Sept. 10.

Corsi wrote, "Obama's actions are based on what Red Alert believes amounts to nothing more than 'junk science,' arguing that manmade carbon-dioxide emissions from the burning of oil and natural gas cause global warming."

He continued, "Unilaterally ending U.S. fossil fuel tax subsidies would have a seriously negative impact on the U.S. economy."

Approximately 85 percent of the energy that drives the U.S. economy still comes from oil and natural gas.

"Simply put, why the Obama administration would shut down 20 percent of our nation's oil production and 12 percent of its natural gas is unfathomable," wrote Barry Russell, president and chief executive of the Independent Petroleum Association of America.

"Why it would seek to take away 25 to 40 percent of the capital that finds and produces American natural gas – half of which comes from wells developed in the last four years – is undecipherable," Russell continued. "Why it would choose to hand the nation's energy future to foreign leaders like Hugo Chavez, whose hatred for our country is as clear as the glistening spittle he spews in his anti-American speeches, is clearly a tragic miscalculation."

Yet International Energy Agency chief economist Fatih Birol claimed an agreement by the G20 to eliminate subsidies on fossil fuels to fight climate change would be good news and should not take long to implement.

"This will improve energy efficiency and therefore energy security, lifting the burden on government budgets and reducing carbon dioxide emissions," Birol told the press.

Corsi said he believes Obama may be desperate for tax revenue to cover the projected trillion-dollar federal budget deficits the administration is planning to incur in the foreseeable future.

"Yet, eliminating fossil fuel subsidies as part of a global-warming ideological agenda seems a particularly strange way to stimulate the economy out of a recession," he wrote. "Eliminating tax provisions that encourage U.S. investment in oil and gas technology, exploration and production will certainly increase U.S. dependence on foreign oil, with the resultant negative impact on our already negative balance of international trade."

Corsi asked, "How many jobs will Obama's move kill?"
So have I now become your enemy for telling you the TRUTH? Galatians 4:16
************************************
“Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion.” ~Isaac Newton
************************************
We are called to be BOLD. ~Joshua 1:9~
************************************
You call me paranoid. I call you uninformed.

:tgdmwt:
Only Me
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09/28/2009 08:12 PM

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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
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Last Edited by Only Me on 09/28/2009 08:12 PM
Here is where I look back.
Here is where you fell.
This is where I got up,
Shaking off my tail
This is where your rope trick
Started to look stale.
A greyhound pass for the boy in the well.

TXGal4Truth (OP)

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09/28/2009 08:13 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
gaahgaahgaahgaahgaah
 Quoting: Only Me



gaah Tell me about it! gaah
So have I now become your enemy for telling you the TRUTH? Galatians 4:16
************************************
“Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion.” ~Isaac Newton
************************************
We are called to be BOLD. ~Joshua 1:9~
************************************
You call me paranoid. I call you uninformed.

:tgdmwt:
*~*Faithful*~*

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09/28/2009 08:15 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
This guy is more than an Obamanation, he's a freaking NIGHTMARE! Where the hell is his head? He HAS to know what he's doing, and it HAS to be all pre-planned, no one can be THAT freaking stupid!
Joh 4:23 But the hour cometh, and now is, when the true worshipers shall worship the Father in spirit and in truth: for the Father seeketh such to worship him. 24 God is a Spirit: and they that worship him must worship him in spirit and in truth.
TXGal4Truth (OP)

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09/28/2009 08:18 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
This guy is more than an Obamanation, he's a freaking NIGHTMARE! Where the hell is his head? He HAS to know what he's doing, and it HAS to be all pre-planned, no one can be THAT freaking stupid!
 Quoting: *~*Faithful*~*


Sadly though, he is not that stupid. That's what makes him even more dangerous. He knows exactly what he is doing. He is THE ABOMINATION.
So have I now become your enemy for telling you the TRUTH? Galatians 4:16
************************************
“Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion.” ~Isaac Newton
************************************
We are called to be BOLD. ~Joshua 1:9~
************************************
You call me paranoid. I call you uninformed.

:tgdmwt:
Only Me
...there is no you

User ID: 725691
United States
09/28/2009 08:20 PM

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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
He knows exactly what he is doing. He is THE ABOMINATION.
 Quoting: TXGal4Truth


yeah...he is doing it on purpose. Part of his master plan.

sigh
Here is where I look back.
Here is where you fell.
This is where I got up,
Shaking off my tail
This is where your rope trick
Started to look stale.
A greyhound pass for the boy in the well.

TXGal4Truth (OP)

User ID: 781675
United States
09/28/2009 08:25 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
He knows exactly what he is doing. He is THE ABOMINATION.


yeah...he is doing it on purpose. Part of his master plan.

sigh
 Quoting: Only Me


Don't even want to know what that is. One thing I do know is that whatever it is, it will be like nothing we have EVER seen before. 1dunno1
So have I now become your enemy for telling you the TRUTH? Galatians 4:16
************************************
“Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion.” ~Isaac Newton
************************************
We are called to be BOLD. ~Joshua 1:9~
************************************
You call me paranoid. I call you uninformed.

:tgdmwt:
Anonymous Coward
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09/28/2009 08:30 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
suicide
Foxx.

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09/28/2009 08:32 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
Oh sure... just F-in tax the chit out of it till the price on it goes thru the damn roof.
WTF!!!
burnit :4:
You are the driver, you Own the Road!!Stand up and Shout

I've a suggestion to keep you all occupied, Learn to Swim!!
TXGal4Truth (OP)

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09/28/2009 08:34 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
suicide
 Quoting: Anonymous Coward 781916


scared
So have I now become your enemy for telling you the TRUTH? Galatians 4:16
************************************
“Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion.” ~Isaac Newton
************************************
We are called to be BOLD. ~Joshua 1:9~
************************************
You call me paranoid. I call you uninformed.

:tgdmwt:
Anonymous Coward
User ID: 728979
United States
09/28/2009 08:37 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
Well, with the Cap'n'Trade, with the mandatory health insurance we're all s'posed to buy or go to jail (that's Change I can beleive in), with banks crumbling despite bailouts, with businesses closing, with Gore getting $580 million of taxpayers money to build cars in FINLAND ( I like Finns, too--absolutely nothing personal)...well, with all that and whatever else I've forgotten, this should JUST ABOUT FINISH IT.

Dare we call it Social Engineering?????
TXGal4Truth (OP)

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09/28/2009 08:38 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
Oh sure... just F-in tax the chit out of it till the price on it goes thru the damn roof.
WTF!!!
burnit :4:
 Quoting: Foxx.


Exactly. Won't be long before we start seeing gas prices skyrocket, again! Can you imagine $10-$20 a gallon? Boy!
So have I now become your enemy for telling you the TRUTH? Galatians 4:16
************************************
“Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion.” ~Isaac Newton
************************************
We are called to be BOLD. ~Joshua 1:9~
************************************
You call me paranoid. I call you uninformed.

:tgdmwt:
Anonymous Coward
User ID: 515984
United States
09/28/2009 08:41 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
Actually, I agree with the subsidy part. No business should be subsidized because it causes market distortions.

If Obama was really worried about the climate, he would be willing to drop the income tax when he activated the carbon tax so that it would be revenue-neutral.

Of course, he won't sacrifice his tax money for the cause.
Anonymous Coward
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09/28/2009 08:42 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
I think this is his theme song.
Bad MJ
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09/28/2009 08:43 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
The only reason he's against gas is his head is soooo far up his ass! He is the Absent President he no longer even votes present. He's an enigma Marxist that wants to be a poster.
Anonymous Coward
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09/28/2009 08:46 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
The only reason he's against gas is his head is soooo far up his ass! He is the Absent President he no longer even votes present. He's an enigma Marxist that wants to be a poster.
 Quoting: Bad MJ 670530

He's against coal too. Coal mines are already closing here in Colorado.

Anything that America uses/needs, gets the axe.

Which raises some very serious questions.
Cyndexia

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09/28/2009 08:46 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
How much will this cost US !!!!!!!!!!!!!!
"Sometimes the object of the Journey may not be the end, but the Journey itself"


:2013:
Email:
Cyndexia@Live.com :)
Dante.Destiny

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09/28/2009 08:49 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
timeout scheming oyesbutt
Anonymous Coward
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09/28/2009 08:49 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
Excellent idea.
Anonymous Coward
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09/28/2009 08:49 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
The only reason he's against gas is his head is soooo far up his ass! He is the Absent President he no longer even votes present. He's an enigma Marxist that wants to be a poster.

He's against coal too. Coal mines are already closing here in Colorado.

Anything that America uses/needs, gets the axe.

Which raises some very serious questions.
 Quoting: Anonymous Coward 728979


He needs to preserve those resources so when he invites X,Y and Z to invade the US, they have something to feast on.
TXGal4Truth (OP)

User ID: 781675
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09/28/2009 08:49 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
The only reason he's against gas is his head is soooo far up his ass! He is the Absent President he no longer even votes present. He's an enigma Marxist that wants to be a poster.

He's against coal too. Coal mines are already closing here in Colorado.

Anything that America uses/needs, gets the axe.

Which raises some very serious questions.
 Quoting: Anonymous Coward 728979


bump
So have I now become your enemy for telling you the TRUTH? Galatians 4:16
************************************
“Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion.” ~Isaac Newton
************************************
We are called to be BOLD. ~Joshua 1:9~
************************************
You call me paranoid. I call you uninformed.

:tgdmwt:
TXGal4Truth (OP)

User ID: 781675
United States
09/28/2009 08:51 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
The only reason he's against gas is his head is soooo far up his ass! He is the Absent President he no longer even votes present. He's an enigma Marxist that wants to be a poster.

He's against coal too. Coal mines are already closing here in Colorado.

Anything that America uses/needs, gets the axe.

Which raises some very serious questions.
 Quoting: Anonymous Coward 728979


Sorry, double post.

Last Edited by TXGal4Truth on 09/28/2009 08:51 PM
So have I now become your enemy for telling you the TRUTH? Galatians 4:16
************************************
“Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion.” ~Isaac Newton
************************************
We are called to be BOLD. ~Joshua 1:9~
************************************
You call me paranoid. I call you uninformed.

:tgdmwt:
maya2012

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09/28/2009 08:55 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
I have the feeling that a free energy system will emerge within the next few months that will make TPTW look like the total assholes that they are :)
Anonymous Coward
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09/28/2009 08:58 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
The only reason he's against gas is his head is soooo far up his ass! He is the Absent President he no longer even votes present. He's an enigma Marxist that wants to be a poster.

He's against coal too. Coal mines are already closing here in Colorado.

Anything that America uses/needs, gets the axe.

Which raises some very serious questions.


He needs to preserve those resources so when he invites X,Y and Z to invade the US, they have something to feast on.
 Quoting: Anonymous Coward 781913

I think you hit the nail squarely on the head. The country's going into an INDUCED receivership.
Anonymous Coward
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09/28/2009 09:28 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
He is a liar and a retard. He and his minions are trying to destroy the American people. PERIOD. Global warming, pfft. Another lie.

I guess its safe to say the joint chiefs of staff are all corrupt as well seeing none of them will stand against our few and weak invaders. Either that or our military couldn't recognize an enemy if it bombed the pentagon and took a seat in the Whitehouse. pfft.

Never thought I would say this but I'm ashamed to be an American.
Anonymous Coward
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09/28/2009 09:30 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
Any moron knows you need to fix what is broken first. When something is hanging off a car, you fix it, you don't try fixing something else.
Shankari

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09/28/2009 09:33 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
imo hes done everything backwards
Anonymous Coward
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09/28/2009 09:34 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
You'll get the 30% carbon tax on gas, that's what we have in sweden plus 25% sales tax. burnit
Anonymous Coward
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09/28/2009 09:47 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
Oh sure... just F-in tax the chit out of it till the price on it goes thru the damn roof.
WTF!!!
burnit :4:


Exactly. Won't be long before we start seeing gas prices skyrocket, again! Can you imagine $10-$20 a gallon? Boy!
 Quoting: TXGal4Truth



Just think how much more food will go up if gas/diesel hit anywhere near $10/gal
Anonymous Coward
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09/28/2009 09:59 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
Just think how much more food will go up if gas/diesel hit anywhere near $10/gal
 Quoting: Anonymous Coward 673488


Exactly. As a rule of thumb, for every calorie of food you consume it takes 10 calories of hydrocarbon to produce, transport, cook and package.
Anonymous Coward
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09/29/2009 02:54 PM
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Re: Obama Declares War On Oil: Calls To End Fossil-Fuel Subsidies, Impose New Tax
Great idea!

The people on here who think this is wrong need to wake up and realize that the oil companies are making OBSCENE profits, and that the only reason we don't have zero-emission cars is because there's "easy money in the oilpatch", and the oil companies own our governments.

I'm up in Alberta, and we only get 1% from the tarsands. We make more money off the lotto than we do from the tarsands, and we're destroying the "lungs of the earth" (boreal forest) to get at it. It's ridiculous that we're stripping away whatever chance we have down the road for nothing now.

Easy money now = nothing for our kids, except climate hell.

This was a great decision, and Obama should be applaided for standing up to big oil. You right-wing nutjobs need to really get a grip on reality.

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