Whose bogus campaign?
NY Times Editorial:
The fact is that both Obama and the Times show a hostility to increasing the production of oil and gas in this country. They both support policies that strangle domestic production even though domestic oil now cost about $20 a barrel less than imported oil.
Obama has been trying to hide his anti energy policies in a dishonest campaign that he calls "all of the above" while at the same time denying access to about 85 percent of offshore sites as well as ANWR. These restrictions make no sense to anyone outside the anti energy left.
Opening these sites would immediately lower the world price of oil even though the production might not begin for years, because it would signal the markets that more supply is on the way. But that is something the anti energy left does not want to do. They have the high prices they wanted even if it is at a politically inconvenient time.
BTW, I am not part of Big Oil. I have never worked for an oil company or gotten a check from the Koch brothers. But I can see what the anti energy policies have done to this country and I do not like it. We are going to need oil to grow our economy for decades to come and the world supply is going to tighten because of increased use elsewhere. It is ridiculous to block access to our own supply that would grow our economy, create jobs and provide lower cost oil giving us a competitive advantage.
What Obama and the NY Times have failed to do is demonstrate how raising taxes on oil and gas production will lower the price of gasoline. They have failed because it is nonsensical to think it would. The oil and gas companies already pay a higher effective corporate tax rate than other companies. Why not suggest taking away the same deductions from Apple which makes more money than any oil and gas company?Editorial: Big Oil’s Bogus Campaign
As the industry spends heavily and blames President Obama for rising gas prices, Congress continues to refuse to end unnecessary tax breaks.
The fact is that both Obama and the Times show a hostility to increasing the production of oil and gas in this country. They both support policies that strangle domestic production even though domestic oil now cost about $20 a barrel less than imported oil.
Obama has been trying to hide his anti energy policies in a dishonest campaign that he calls "all of the above" while at the same time denying access to about 85 percent of offshore sites as well as ANWR. These restrictions make no sense to anyone outside the anti energy left.
Opening these sites would immediately lower the world price of oil even though the production might not begin for years, because it would signal the markets that more supply is on the way. But that is something the anti energy left does not want to do. They have the high prices they wanted even if it is at a politically inconvenient time.
BTW, I am not part of Big Oil. I have never worked for an oil company or gotten a check from the Koch brothers. But I can see what the anti energy policies have done to this country and I do not like it. We are going to need oil to grow our economy for decades to come and the world supply is going to tighten because of increased use elsewhere. It is ridiculous to block access to our own supply that would grow our economy, create jobs and provide lower cost oil giving us a competitive advantage.
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