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They knew this was a potent talking point for them saying it's george bush. we have an oil man in the white house and he's responsible plus senator from illinois then, barack obama was talking about taxing the oil companies. we haven't heard him say that lately, have we? here he is back in 2008. >> i'll make oil companies like exxon pay a tax on their windfall profits and we'll use the money to help families pay for the skyrocketing energy costs and other bills. >> he also called for the department of justice which he knows people at. he could probably get something done these days to open an ...

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Seeing that's adding $800 per year this year to families in terms of the cost of their gasoline which takes money away from them if they are trying to deal with bills and mortgages and with kids, makes it that much harder for families and the quality of their life. so adding costs by adding taxes is something to me that makes it harder for us to become secure with our own energy. it will drive american jobs overseas. >> so their argument, congressman is that if you take away these tax babies for the oil companies, it will make prices go up and not down. so, a, do you believe that and b, would ...

Subsidies and windfall profits to the oil companies when they are already making record profits. what the president has said let's not invest that by giving to it oil companies, let's invest it in our nation's future energy supply. i would say with respect to price, we've seen a supply disruption as a result of libya, which has helped feed a speculative bubble, and the only way to address that in the very short term is to consider releasing some of the oil from the strategic petroleum reserve. >> something which the president said he's not -- you know, that is supposed to be something that's, ...