He came, he saw and he conquered all of the fossil fuels. Under his tutelage, President Obama has overseen the destruction of the coal, natural gas and now oil industries. He refers to oil as “dirty fuels”, almost evil in the methods by which they heat our homes.
The real story here isn’t the fact that Obama wants a solar panel on every housing tenement in America; but the fact that he doesn’t want to let the housing tenement renter enjoy these lower gasoline prices. He intends to tax everyone, with an outrageous $10 per barrel levy–which will fund more bridges to nowhere and 30 year highway jobs to union controlled contractors.
In the last year of his presidency, Obama has said the country must stop subsidizing the “dirty” fossil fuels of the past and focus on clean, renewable fuels that do not exacerbate climate change.
“By placing a fee on oil, the President’s plan creates a clear incentive for private sector innovation to reduce our reliance on oil and at the same time invests in clean energy technologies that will power our future,” the White House said in a statement.
The long-shot proposal for the oil fee, set to be announced in Obama’s fiscal 2017 budget plan on Tuesday, would provide nearly $20 billion a year to help expand transit systems across the country and more than $2 billion a year to support research and development of self-driving vehicles and other low-carbon technologies.
With approximately $900 billion in distressed oil and gas debt, this tax is equal to rubbing salt into the wounds of someone who was just fatally shot in the head.
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