Bloomberg News

Obama's Urges Oil Company Tax Break Repeal

March 29, 2012

Bloomberg's Hans Nichols reports that President Barack Obama said oil company profits justify abolishing $4 billion in annual oil and natural gas subsidies and shifting those savings to research on clean-energy fuels. He speaks on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)

Running Time: 02:30

March 29 (Bloomberg) -- Bloomberg's Hans Nichols reports that President Barack Obama said oil company profits justify abolishing $4 billion in annual oil and natural gas subsidies and shifting those savings to research on clean-energy fuels. He speaks on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)

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