So lets take a look...
Quote:
House Majority Leader Steny Hoyer, D-Md., noted it was two years ago, when oil cost $55 a barrel, when Bush said oil companies need no government subsidies to pursue more oil or gas.
"With the price of oil hovering around $100 do we really believe this incentive is justified?" asked Hoyer. "Do these companies need taxpayer subsidies to look for new product? They don't need any incentive."
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So Bush cuts his friends a break by using taxpayer subsidies to look for new oil, now that the oil companies are raking in BILLIONS of dollars at the pump AND from my taxes while getting a break from the goverment, and you are mad that since we are increasing their taxes, that is the reason oil went up?
Its a BS reason for themto jack up oil prices. They put the blame on the dems and it makes them look like bad guys, but in reality they will continue to make BILLIONS as we get nailed at the pump.
Do not blame the goverment for trying to tap into the super wealth that the oil companies are making instead of raising taxes on the people who have none.