President Obama has proposed an oil fee that would supposedly go to fund infrastructure projects and of course help save the world from “climate change”:
Pres Obama proposing new $10-per-barrel fee on oil – phased in over 5 years – to be paid by oil companies to fund clean transportation pgms.
— Mark Knoller (@markknoller) February 4, 2016
If enacted, new oil fee would fund expanded transit systems, high-speed inter-city rail; also new generation of climate-smart vehicles.
— Mark Knoller (@markknoller) February 4, 2016
WH says principal objectives of the new oil fee is to help reduce carbon pollution, cut oil consumption, and create new jobs.
— Mark Knoller (@markknoller) February 4, 2016
Oil lobby slams @POTUS proposal to impose $10-per-barrel fee on oil. @API_News says it would raise cost of gasoline by 25-cents a gallon.
— Mark Knoller (@markknoller) February 4, 2016
T. Boone Pickens is definitely not a supporter of the idea:
Don't know where to start. Dumbest idea ever? #crazytalk RT @politico: Obama to propose $10-a-barrel oil tax https://t.co/NSBRxkMUdD |
— T. Boone Pickens (@boonepickens) February 4, 2016
Obama's $35 billion/year oil tax would bankrupt O&G industry. Oh, wait. That may be the point. https://t.co/2xr03YJysZ
— T. Boone Pickens (@boonepickens) February 4, 2016
Well, Obama did once say energy prices would “necessarily skyrocket” if he got his way.
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