Obama in New Hampshire to Talk Energy

As the Republicans try to deny Obama another term as president using the rising oil prices, Obama goes to his Republican rivals own backyard of New Hampshire. Obama is trying to deal with the criticism he has been receiving over the past few weeks for the rising prices. The president agrees that he is aware of the steep increase but also said that there is very little he could do that would provide immediate relief.

With the gasoline prices rising from $3.39 every gallon a year ago to $3.74 this year and the brewing political tension in the Middle East translates to more leverage for the Republicans. The President is looking to repeal the unwarranted $4 billion in annual subsidies that are handed out to oil and gas companies. This will urge the congress to take a vote quite immediately.


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