Obama putting oil pipeline on fast track as he touts energy record in Oklahoma OKLAHOMA CITY - Deep in Republican oil country, President Barack Obama is fending off criticism of his energy policies, pointing to plans to fast-track an oil pipeline that emerged after he delayed Calgary-based TransCanada's larger Keystone XL project earlier this year. Associated Press via Yahoo! News - Mar 22 09:00am.Obama to Congress: Kill oil industry's tax breaks The president said giving $4 billion in annual subsidies to oil companies that make hundreds of billions of dollars doesn't make sense. In general, Obama's been very friendly to oil companies. Under his presidency, the US has quadrupled the number of operating oil rigs. Portland Press Herald - Mar 18 09:04am.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.