Campaign 2010

Aug 06, 2008

Grand Oil Party: Looking Out for Big Oil and Leaving Middle Class Americans High and Dry at the Pump

Cost of a gallon of gas in Florida today ... $3.87

 

Profit earned by the top five Big Oil Companies last quarter  ... $44 Billion

 

Political contributions made this cycle to Republicans by Big Oil ... $13.5 million

 

House Republicans' support for $14 billion tax breaks and subsidies for Big Oil ... Priceless

 

 

"The Grand Oil Party's approach to lowering gas prices for middle class Americans is ‘no,' ‘veto,' and ‘status quo,'" said Jennifer Crider, DCCC Communications Director.  "Republicans are protecting $14 billion worth of tax breaks and subsidies for Big Oil companies, earning billions of dollars in profits, while middle class Americans struggle to fill up the family minivan.  House Republicans are so out of touch that they think gas prices are starting to decline because they're talking about it.  Americans need less Republican talk and more action on Democrats' commonsense, bipartisan solutions to high gas prices."

 

The Grand Oil Party on Lowering Gas Prices:

 

Democratic Solution to Lower Gas Prices

House Republicans' Response

President Bush's Response

Outcome

 

Use It or Lose It - requiring oil companies to drill on the 68 million acres of land they already lease

 

No

 

No

 

Status Quo

 

Ending tax breaks for Big Oil companies

 

No

 

No

 

Status Quo

 

Expediting leases for drilling and federal pipeline development in Alaska's Energy Reserve

 

No

 

No

 

Status Quo

 

Cracking down on gas price gouging

 

No

 

No  

 

Status Quo

 

Releasing gas from the government stockpile

 

 

No

 

No

 

Status Quo

 

 

BACKGROUND

 

Nearly 75 percent of all Big Oil campaign contributions - $13.5 million - have gone to Republicans this cycle. [Center for Responsive Politics]

 


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