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Obama energy speech targets oil industry tax breaks

By Geneva Sands - 03/01/12 11:52 AM ET

President Obama delivered remarks highlighting his administration's policies on domestic energy production at Nashua Community College in New Hampshire Thursday at 1:30 p.m.

This was Obama’s second energy-themed speech in as many weeks, as he works to blunt Republican criticisms that his policies have sparked the recent rise in gasoline prices.

Obama has said that there are no quick fixes for gas prices, while emphasizing his support for expanded domestic drilling, touting revamped auto mileage rules and alternative energy programs.

The president pressed lawmakers to quickly strip billions of dollars in oil industry tax breaks, a move Democratic leaders hope will help paint Republicans as defenders of big oil companies, which enjoy large profits on high gas prices.

Obama spoke in Florida, another swing state, on Feb. 23, where he accused Republicans of politicizing the concern over gas prices.

The president has been touting his "blueprint for an economy built to last," a set of policy initiatives outlined in the State of the Union, around the country since January.

For more on Obama's energy proposals from The Hill's E2 blog, click here.

—This event has concluded. This story was updated Friday at 2:55 p.m. to include the entire Obama speech video.



Source:
http://thehill.com/video/administration/213597-watch-live-obama-focuses-on-energy-during-new-hampshire-speech

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