Obama’s New Oil Tax Would Hike Gas Prices 22 Cents a Gallon

By News on the Net Nicolas Loris —— Bio and Archives February 5, 2016

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“Gas prices are too cheap!” – said no one ever.

Wait, scratch that, the president himself actually believes gas prices should be higher. Though not his exact words, President Barack Obama is now calling for a $10 per barrel tax on oil, to pay for mass transit, high-speed rail, self-driving cars and other infrastructure projects he believes will reduce America’s carbon footprint. More...