Every week President Obama delivers remarks on pressing issues. Find key speeches he has delivered since taking office in January 2009.

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Obama delivers remarks on oil subsidies

March 29, 2012 - Washington, D.C.

Right now, the biggest oil companies are raking in record profits -- profits that go up every time folks pull up into a gas station. But on top of these record profits, oil companies are also getting billions a year -- billions a year in taxpayer subsidies -- a subsidy that they've enjoyed year after year for the last century. Think about that. It's like hitting the American people twice. You're already paying a premium at the pump right now. And on top of that, Congress, up until this point, has thought it was a good idea to send billions of dollars more in tax dollars to the oil industry.”

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