Frustrated that Congress refused to enact cap-tax-and-trade, President Obama unleashed EPA to promulgate thousands of pages of rules governing carbon dioxide, “toxic” pollutants that have already been reduced dramatically, “cross-state transport” of emissions, and other power plant operations. All tout health claims based on virtual reality computer models, cherry-picked research and illusory benefits.
"Taxing American energy companies would actually increase the debt and deficit. It would also have the unintended consequence of forcing these companies to relocate to more hospitable tax climates overseas, taking American jobs with them."
Is it time to deregulate the American oil industry to lower gas prices?
In contrast to the marginal effects of much ballyhooed public policies, there has been a huge breakthrough in energy production in the past couple of years.
As American motorists fill up their gas tanks before hitting the road this Memorial Day weekend, headline-grabbing sticker shock is sure to follow.
All told, over a billion acres of onshore and offshore energy prospects are locked up – costing us centuries of fuel, millions of jobs, and hundreds of billions in bonus, royalty and tax revenues.
According to the AAA, the average price for a gallon of unleaded regular gasoline in the lower 48 this week was $3.93.
Until Congress expands drilling near our shores, prices will be subject to fluctuations caused by other countries.
Can you imagine how insufferable President Obama would be about his record in office if he actually had abundant positive accomplishments? Have we ever seen a starker contrast between a politician's record and his self-assessment of it?
From the Heritage Foundation, a direct demonstration of Obama's job-killing energy policies.
Halfway through his term in office, President Barack Obama faces a crisis that could most probably doom his chances of being re-elected -- he's running out of gas.
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