go and extend drilling leases in parts of the gulf affected by the moratorium after the bp blowout and up in alaska and the final piece of the puzzle the president said is to get rid of taxpayer subsidies to oil and gas companies and this is why. in the last few months, the biggest oil companies made about 4 billion dollars in profits, each week. and yet, they get 4 billion dollars in taxpayer subsidies each year. 4 billion dollars at a time when americans can barely fill up their tanks. 4 billion dollars at a time when we re trying to reduce our deficit. reporter: alaska s democratic and republican senators both think this is a smart move and the republican chair of the house natural resources committee agrees, but wants it know what took so long. doc hastings said in the last week, the house republicans passed three bipartisan bills that will create 1.2 million jobs, triple off shore oil production and generate 840 million dollars in revenue,
President-obama
Gas
Companies
Taxpayer-subsidies
Soil
Parts
Alaska
Drilling-leases
Moratorium
Blowout
Piece
Gulf