Re: Obama Proposes $10 Per Barrel Oil Tax To Fund Clean Transportation
Author: The Economist
Date: 02-06-2016 - 15:47
Since this would only be a tax on US oil per barrel, that is be produced in the US. US oil production would become non existent. When US oil automatically becomes $40 and Canadian, Mexican and Saudi Oil is $30 which oil will be purchased? The coal industry is going down the tubes, I guess someone wants the oil industry to be next.
This would never pass the House or Senate.