Obama seeks halt to tax subsidies for oil industry

President-elect Barack Obama gestures during a news conference at his transition office in Washington, Wednesday, Jan. 7, 2009, where he introduced Nancy Killefer, not shown, to the newly created position of chief performance officer. (AP Photo/Lawrence Jackson) (AP Photo/Lawrence Jackson)

March 17, 2012 5:35:38 AM PDT
President Barack Obama is calling anew on Congress to end tax subsidies for the oil and gas industry, saying the nation needs to develop alternative sources of energy in the face of rising gasoline prices.

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