API: Obama Catering to Activists with Oil Tax Proposal
Ahead of President Barack Obama’s eighth and final budget proposal to Congress, the American Petroleum Institute’s Jack Gerard says the administration is expected to continue its “head in the sand” approach to managing the U.S. energy renaissance.
Gerard, president of the oil and gas trade group, said in a conference call with reporters, that the $10-per-barrel tax on oil the White House floated last week would penalize those who can afford it the least – the middle and lower income families most impacted by the transportation price of food and other consumer goods.
“It appears the administration’s last year is dedicated to furthering an extremist agenda at the very real expense of the middle class and low income families and … catering to ‘leave it in the ground’ activists,” he said.
Rather, Gerard said, the administration should revisit its policies on drilling offshore and on federal land to generate revenue for transportation projects. Ignoring those opportunities is squandering the U.S. ability to lead the world in energy abundance carbon emission reductions, he said.
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