55 Dollar News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Gentlemen, the president says, and i quote, with 55 dollar oil we don't need oil and gas incentives for companies to explore. there are plenty of incentives. today, the price of oil is above $55 per barrel. is the president wrong when he says we don't need incentives for oil and gas exploration? if i could have a yes or no answer and go down the row? >> no. i don't think our company has asked for incentives for exploration. >> sir? >> agreed. >> in my oral comments, i said we did not need but do need access. >> just a yes or no. sir? correct? >> he's correct. >> sir? >> yes, he is. >> just to ...

That includes ethanol. that includes all subsidies. >> oil and gas subsidies? >> on the table. >> on the table. >> if in fact they are making such enormous profits, perhaps they don't need the support and tax incentives given to them by the american taxpayer by the united states congress. >> would you be in favor of seeing some subsidies going to big oil at times of record profits? >> it's certainly something we ought to be looking at? >> doing away with these subsidies. >> when the federal government is short on revenues, we need to control spending but we need revenues to keep the government...

Says, and i quote, with 55 dollar oil we don't need oil and gas incentives for companies to explore. there are plenty of incentives. today, the price of oil is above $55 per barrel. is the president wrong when he says we don't need incentives for oil and gas exploration? if i could have a yes or no answer and go down the row? >> no. i don't think our company has asked for incentives for exploration. >> sir? >> agreed. >> in my oral comments, i said we did not need but do need access. >> just a yes or no. sir? correct? >> he's correct. >> sir? >> yes, he is. >> just to recap, this is an unpopul...