I know liberals love to hate on "big oil", but this proposal will send an already unstable economy to the bottom!
http://www.partnershipforenergy.com/partnershipproject/.
In Washington, Congress will debate a budget for 2010 that contains a dire threat to our nation’s economy and energy security. The Administration is proposing at least $400 billion in new taxes on the oil and natural gas industry, which would result in:
American Job Losses—an estimated 270,000 American jobs would be lost.
Higher Prices—Historically, higher taxes have resulted in less supply and higher energy costs for consumers, and in today’s economy, that could stifle our recovery.
Greater Dependence on Imports—New taxes on American oil and natural gas companies would hurt domestic energy exploration and development programs and increase our dependence on foreign oil and natural gas.
http://www.partnershipforenergy.com/partnershipproject/.
In Washington, Congress will debate a budget for 2010 that contains a dire threat to our nation’s economy and energy security. The Administration is proposing at least $400 billion in new taxes on the oil and natural gas industry, which would result in:
American Job Losses—an estimated 270,000 American jobs would be lost.
Higher Prices—Historically, higher taxes have resulted in less supply and higher energy costs for consumers, and in today’s economy, that could stifle our recovery.
Greater Dependence on Imports—New taxes on American oil and natural gas companies would hurt domestic energy exploration and development programs and increase our dependence on foreign oil and natural gas.