Latest White House Demon? Oil Companies

With gas prices rising, the White House looks to demonize rather than problem solve.

“I think most Americans would agree with the president that it is simply crazy and unsustainable to continue to subsidize the oil-and-gas companies when we need to reduce our deficit and invest elsewhere,” Carney said at a briefing.

“Major oil-and-gas companies are going to report this week significant if not record profits. Given the constraints that we are under, given the need to tighten our belts, given the need to reduce the deficit, this president feels very strongly that it is inappropriate to continue those subsidies,” he said.

The Obama response to the rising prices is remarkable for the blatant pandering he's engaged in. You want to give us lower prices, Mr. Prez, start opening up the country to the use of domestic energy supplies - natural gas, in particular.

The White House’s fiscal year 2012 budget proposal calls for ending about $4 billion per year in “inefficient fossil fuel subsidies that impede investment in clean energy sources and undermine efforts to address the threat of climate change.”