Jason Altmire said "And it's clear that with oil at $117 a barrel and rising that ExxonMobil does not need taxpayer subsidies. They're going to make their money. They're doing quite well. They just set the all-time record for profit in one quarter in the history of American business. So there is no need for them to have that subsidy, and the majority of this House overwhelmingly agreed. Last year not once but twice, we passed legislation out of this House, in 2007, sent it over to the Senate, that would say that we are going to redirect every penny of that $14 billion away from the big oil companies and into research and development on alternative sources of energy, alternative fuels." @ PoliticalQuotes.com

On the recordApril 24, 2008

And it's clear that with oil at $117 a barrel and rising that ExxonMobil does not need taxpayer subsidies. They're going to make their money. They're doing quite well. They just set the all-time record for profit in one quarter in the history of American business. So there is no need for them to have that subsidy, and the majority of this House overwhelmingly agreed. Last year not once but twice, we passed legislation out of this House, in 2007, sent it over to the Senate, that would say that we are going to redirect every penny of that $14 billion away from the big oil companies and into research and development on alternative sources of energy, alternative fuels.

Said by

Jason Altmire

Pennsylvania

Source

govinfo.gov

Editor's note · Context

Discussing taxpayer subsidies to oil companies during a debate on energy policy.

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