obama has a lot of options that could be used to impact upon gas prices. the most interesting is the elimination of corporate welfare doled out to oil companies. and the obstacle to that's pretty clear:
Quote:
Oil and gas companies spent nearly $40 million lobbying Congress in the first quarter of this year, the report says. Surrusco adds that heavy industry spending on campaigns and lobbyists will make repealing the tax breaks more difficult.
"In 2010, they had almost 800 lobbyists. And the job of all of those lobbyists is to keep and extend these subsidies."
|
the report:
Report: Oil Companies are “Poster Child” for Corporate Welfare
is a quick and dirty overview of the magnitude of federal corporate welfare handed out to petroleum corporations.