-- Declaring that the American oil industry is "booming," President Barack Obama said Thursday the nation will be watching to see where Congress stands on his push to end tax breaks for the major oil companies.
"With record profits and rising production, I'm not worried about the big oil companies," Obama said shortly before a scheduled Senate vote on the issue. "... I think it's time they got by without more help from taxpayers who are having a tough enough time paying their bills and filling up their tanks."
The president's statement and the Senate vote were attempts to gain a political advantage over Republicans as rising gas prices continue to hurt and anger American voters in an election year.
Even if the Democratic-sponsored plan eventually passes the Senate, it has little chance of winning approval in the Republican-controlled House.