Obama pressing major oil producers to boost supplies to stabilize fuel prices Dominion Lending Centres Clearlease

Obama pressing major oil producers to boost supplies to stabilize fuel prices Dominion Lending Centres Clearlease

WASHINGTON – (April 27, 2011) Clearlease Reports the high cost of gasoline takes a toll on politics and pocket books, President Barack Obama said Tuesday he is calling on major oil producers such as Saudi Arabia to increase their oil supplies to help stabilize prices, warning starkly that lack of relief would harm the global economy.

“We are in a lot of conversations with the major oil producers like Saudi Arabia to let them know that it’s not going to be good for them if our economy is hobbled because of high oil prices,” Obama told a Detroit TV station.

His remarks signaled a broad new appeal in the face of skyrocketing gasoline prices in the United States and they came as he reiterated a call for Congress to repeal oil industry tax breaks.

Canada, which is a major oil exporter and the largest foreign source of oil for the United States, hasn’t been immune to high gasoline prices. According to a price tracking website, the Canadian average price is even higher than in the United States, which has among the lowest retail prices in the developed world.

In interviews Tuesday with WXYZ in Detroit and in WKTR in Hampton Roads, Virginia, Obama said the message is that an economy that buckles because of high oil prices won’t grow and won’t be good for them or for the United States.

Obama acknowledged disruptions in oil production because of the war in Libya. But he said others can make up the difference and “we’re pushing them to do so.”

Libya supplied less than two per cent of world demand before a revolution erupted in February. Saudi Arabia and other OPEC countries already are covering some of that shortage by boosting production.

Canada, which isn’t a member of the Organization of Petroleum Exporting Countries , has been a growing source of crude for the United States. However, increased reliance on the oil sands in northern Alberta has sparked opposition from environmentalists and others.

In contrast to conventional oil produced by Saudi Arabia , the oil sands requires more processing and energy and is considered by some to be more environmentally damaging because of the energy required to produce it.

The president’s effort to compel more overseas production echoed calls by President George W. Bush in 2008 urging Saudi Arabia to increase supplies during that year’s spike in gasoline prices. The Saudis rebuffed Bush’s efforts.

Obama said he has stressed the self-interest of oil producing nations, arguing that “if we’re not growing, they’re not going to be making money either.

“And so they need to increase supplies,” he told WKTR.

Gas pump prices have climbed for 35 consecutive days.

In a letter to congressional leaders Tuesday, Obama urged them to take steps to repeal oil industry tax breaks, reiterating a call he made in his 2012 budget proposal earlier this year. The White House conceded that plan would do nothing in the short term to lower gasoline prices.

The president wrote a day after Republican House Speaker John Boehner said he was willing to “take a look at” repealing the multibillion-dollar tax subsidies enjoyed by the major oil companies. Boehner aides on Tuesday sought to clarify Boehner’s stance, stressing that he was not advocating repeal of the tax breaks.

“He has said all along that he is opposed to raising taxes,” Boehner spokesman Kevin Smith said. “That’s his position.”

Rising gas prices have become a political weight for the White House , with polls showing that as the cost rises at the pump, the president’s approval ratings have slipped. Obama increasingly has sought to display action on oil, even as he acknowledges that there is no immediate way to stem costs.

“High oil and gasoline prices are weighing on the minds and pocketbooks of every American family,” Obama wrote. But he also added that “there is no silver bullet to address rising gas prices in the short term.”

Obama’s proposal, spelled out in his past two budget plans, would eliminate a number of tax breaks for oil companies that would generate an estimated $4 billion a year in additional revenue.

The tax breaks — some in place since the 1920s — have survived multiple attempts to repeal them in the face of heavy oil industry lobbying.

The Republican response to the president’s letter was dismissive.

Another Boehner spokesman, Brendan Buck, said Obama’s suggestions “would simply raise taxes and increase the price at the pump.” And Senate Republican leader Mitch McConnell said: “The president’s latest call to raise taxes on U.S. energy is as predictable as it is counterproductive.”

Blaming the subsidies on “outdated tax laws,” Obama said money obtained from repealing the breaks should be spent on clean energy initiatives to reduce dependence on foreign oil.

On Monday, Boehner told ABC News that the government is low on revenues and that oil companies “ought to be paying their fair share.”

“We certainly ought to take a look at it,” Boehner said about repealing tax subsidies for major oil companies. “We’re at a time when the federal government’s short on revenues. We need to control spending but we need to have revenues to keep the government moving.”

But Boehner made no commitment to repealing the subsidies. “I want to know what impact this is going to have on job creation in America,” he told ABC.

Video Link: http://www.youtube.com/watch?v=tfX_T9BpIug

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://www.youtube.com/watch?v=tfX_T9BpIug

Obama pressing major oil producers to boost supplies to stabilize fuel prices Dominion Lending Centres Clearlease

WASHINGTON – (April 27, 2011) Clearlease Reports the high cost of gasoline takes a toll on politics and pocket books, President Barack Obama said Tuesday he is calling on major oil producers such as Saudi Arabia to increase their oil supplies to help stabilize prices, warning starkly that lack of relief would harm the global economy.

“We are in a lot of conversations with the major oil producers like Saudi Arabia to let them know that it’s not going to be good for them if our economy is hobbled because of high oil prices,” Obama told a Detroit TV station.

His remarks signaled a broad new appeal in the face of skyrocketing gasoline prices in the United States and they came as he reiterated a call for Congress to repeal oil industry tax breaks.

Canada, which is a major oil exporter and the largest foreign source of oil for the United States, hasn’t been immune to high gasoline prices. According to a price tracking website, the Canadian average price is even higher than in the United States, which has among the lowest retail prices in the developed world.

In interviews Tuesday with WXYZ in Detroit and in WKTR in Hampton Roads, Virginia, Obama said the message is that an economy that buckles because of high oil prices won’t grow and won’t be good for them or for the United States.

Obama acknowledged disruptions in oil production because of the war in Libya. But he said others can make up the difference and “we’re pushing them to do so.”

Libya supplied less than two per cent of world demand before a revolution erupted in February. Saudi Arabia and other OPEC countries already are covering some of that shortage by boosting production.

Canada, which isn’t a member of the Organization of Petroleum Exporting Countries , has been a growing source of crude for the United States. However, increased reliance on the oil sands in northern Alberta has sparked opposition from environmentalists and others.

In contrast to conventional oil produced by Saudi Arabia , the oil sands requires more processing and energy and is considered by some to be more environmentally damaging because of the energy required to produce it.

The president’s effort to compel more overseas production echoed calls by President George W. Bush in 2008 urging Saudi Arabia to increase supplies during that year’s spike in gasoline prices. The Saudis rebuffed Bush’s efforts.

Obama said he has stressed the self-interest of oil producing nations, arguing that “if we’re not growing, they’re not going to be making money either.

“And so they need to increase supplies,” he told WKTR.

Gas pump prices have climbed for 35 consecutive days.

In a letter to congressional leaders Tuesday, Obama urged them to take steps to repeal oil industry tax breaks, reiterating a call he made in his 2012 budget proposal earlier this year. The White House conceded that plan would do nothing in the short term to lower gasoline prices.

The president wrote a day after Republican House Speaker John Boehner said he was willing to “take a look at” repealing the multibillion-dollar tax subsidies enjoyed by the major oil companies. Boehner aides on Tuesday sought to clarify Boehner’s stance, stressing that he was not advocating repeal of the tax breaks.

“He has said all along that he is opposed to raising taxes,” Boehner spokesman Kevin Smith said. “That’s his position.”

Rising gas prices have become a political weight for the White House , with polls showing that as the cost rises at the pump, the president’s approval ratings have slipped. Obama increasingly has sought to display action on oil, even as he acknowledges that there is no immediate way to stem costs.

“High oil and gasoline prices are weighing on the minds and pocketbooks of every American family,” Obama wrote. But he also added that “there is no silver bullet to address rising gas prices in the short term.”

Obama’s proposal, spelled out in his past two budget plans, would eliminate a number of tax breaks for oil companies that would generate an estimated $4 billion a year in additional revenue.

The tax breaks — some in place since the 1920s — have survived multiple attempts to repeal them in the face of heavy oil industry lobbying.

The Republican response to the president’s letter was dismissive.

Another Boehner spokesman, Brendan Buck, said Obama’s suggestions “would simply raise taxes and increase the price at the pump.” And Senate Republican leader Mitch McConnell said: “The president’s latest call to raise taxes on U.S. energy is as predictable as it is counterproductive.”

Blaming the subsidies on “outdated tax laws,” Obama said money obtained from repealing the breaks should be spent on clean energy initiatives to reduce dependence on foreign oil.

On Monday, Boehner told ABC News that the government is low on revenues and that oil companies “ought to be paying their fair share.”

“We certainly ought to take a look at it,” Boehner said about repealing tax subsidies for major oil companies. “We’re at a time when the federal government’s short on revenues. We need to control spending but we need to have revenues to keep the government moving.”

But Boehner made no commitment to repealing the subsidies. “I want to know what impact this is going to have on job creation in America,” he told ABC.

Video Link: http://www.youtube.com/watch?v=tfX_T9BpIug

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://www.youtube.com/watch?v=tfX_T9BpIug

Obama pressing major oil producers to boost supplies to stabilize fuel prices Dominion Lending Centres Clearlease

WASHINGTON – (April 27, 2011) Clearlease Reports the high cost of gasoline takes a toll on politics and pocket books, President Barack Obama said Tuesday he is calling on major oil producers such as Saudi Arabia to increase their oil supplies to help stabilize prices, warning starkly that lack of relief would harm the global economy.

“We are in a lot of conversations with the major oil producers like Saudi Arabia to let them know that it’s not going to be good for them if our economy is hobbled because of high oil prices,” Obama told a Detroit TV station.

His remarks signaled a broad new appeal in the face of skyrocketing gasoline prices in the United States and they came as he reiterated a call for Congress to repeal oil industry tax breaks.

Canada, which is a major oil exporter and the largest foreign source of oil for the United States, hasn’t been immune to high gasoline prices. According to a price tracking website, the Canadian average price is even higher than in the United States, which has among the lowest retail prices in the developed world.

In interviews Tuesday with WXYZ in Detroit and in WKTR in Hampton Roads, Virginia, Obama said the message is that an economy that buckles because of high oil prices won’t grow and won’t be good for them or for the United States.

Obama acknowledged disruptions in oil production because of the war in Libya. But he said others can make up the difference and “we’re pushing them to do so.”

Libya supplied less than two per cent of world demand before a revolution erupted in February. Saudi Arabia and other OPEC countries already are covering some of that shortage by boosting production.

Canada, which isn’t a member of the Organization of Petroleum Exporting Countries , has been a growing source of crude for the United States. However, increased reliance on the oil sands in northern Alberta has sparked opposition from environmentalists and others.

In contrast to conventional oil produced by Saudi Arabia , the oil sands requires more processing and energy and is considered by some to be more environmentally damaging because of the energy required to produce it.

The president’s effort to compel more overseas production echoed calls by President George W. Bush in 2008 urging Saudi Arabia to increase supplies during that year’s spike in gasoline prices. The Saudis rebuffed Bush’s efforts.

Obama said he has stressed the self-interest of oil producing nations, arguing that “if we’re not growing, they’re not going to be making money either.

“And so they need to increase supplies,” he told WKTR.

Gas pump prices have climbed for 35 consecutive days.

In a letter to congressional leaders Tuesday, Obama urged them to take steps to repeal oil industry tax breaks, reiterating a call he made in his 2012 budget proposal earlier this year. The White House conceded that plan would do nothing in the short term to lower gasoline prices.

The president wrote a day after Republican House Speaker John Boehner said he was willing to “take a look at” repealing the multibillion-dollar tax subsidies enjoyed by the major oil companies. Boehner aides on Tuesday sought to clarify Boehner’s stance, stressing that he was not advocating repeal of the tax breaks.

“He has said all along that he is opposed to raising taxes,” Boehner spokesman Kevin Smith said. “That’s his position.”

Rising gas prices have become a political weight for the White House , with polls showing that as the cost rises at the pump, the president’s approval ratings have slipped. Obama increasingly has sought to display action on oil, even as he acknowledges that there is no immediate way to stem costs.

“High oil and gasoline prices are weighing on the minds and pocketbooks of every American family,” Obama wrote. But he also added that “there is no silver bullet to address rising gas prices in the short term.”

Obama’s proposal, spelled out in his past two budget plans, would eliminate a number of tax breaks for oil companies that would generate an estimated $4 billion a year in additional revenue.

The tax breaks — some in place since the 1920s — have survived multiple attempts to repeal them in the face of heavy oil industry lobbying.

The Republican response to the president’s letter was dismissive.

Another Boehner spokesman, Brendan Buck, said Obama’s suggestions “would simply raise taxes and increase the price at the pump.” And Senate Republican leader Mitch McConnell said: “The president’s latest call to raise taxes on U.S. energy is as predictable as it is counterproductive.”

Blaming the subsidies on “outdated tax laws,” Obama said money obtained from repealing the breaks should be spent on clean energy initiatives to reduce dependence on foreign oil.

On Monday, Boehner told ABC News that the government is low on revenues and that oil companies “ought to be paying their fair share.”

“We certainly ought to take a look at it,” Boehner said about repealing tax subsidies for major oil companies. “We’re at a time when the federal government’s short on revenues. We need to control spending but we need to have revenues to keep the government moving.”

But Boehner made no commitment to repealing the subsidies. “I want to know what impact this is going to have on job creation in America,” he told ABC.

Video Link: http://www.youtube.com/watch?v=tfX_T9BpIug

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://www.youtube.com/watch?v=tfX_T9BpIug



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