President Obama’s tax on oil to pay for green transportation programs is essentially a second stimulus program to be funded through consumers of petroleum products

Obama’s New Oil Tax—Dead on Arrival

By Institute for Energy Research —— Bio and Archives--February 10, 2016

Global Warming-Energy-Environment | Comments | Back To Full Article

President Obama released his $4 trillion budget for fiscal year 2017 today and it contains a new $10 a barrel tax on oil consumed in the United States. This tax excludes oil exports and would be phased in over 5 years. The President claims this tax is to pay for “green” infrastructure programs. According to many in the U.S. Congress, it will be dead on arrival.

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