Code Red
About
WyBlog, the best thing about New Jersey since the invention of the 24 hour diner.
Chris Wysocki
Caldwell, NJ
The nine most terrifying words in the English language are "I'm from the government and I'm here to help." - Ronald Reagan
Subscribe
Recent Posts
Recent Comments (RSS)
Twitter Feed
Blogroll
Links
Linkiest
CH 2.0 Info Center
The Jersey Report
Labor Union Report
Memeorandum
Net Right Nation
The Patriot Post Newsletter
Pajamas Media
PJTV
Victor Davis Hanson
J! E! T! S! Jets! Jets! Jets!
OpenVMS.org Portal
AVS Forum
NJ.com Caldwell Forum
The Caldwells Patch
The Jersey Tomato Press
![[socia.list]](http://wyblog.us/images/socia_list-1-200x75.jpg)
Badges
Link to me
Feedjit
Search WyBlog
The Party of "No"
Fair Use Notice
"This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. It is being made available in an effort to advance the understanding of environmental, political, human rights, economic, democracy, scientific, social issues, etc. It is believed that this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit for research and educational purposes."
Hey! I've moved to He's Pretty Fly For A Jersey Guy.
Please update your bookmarks. Thanks!
Friday, 05 February 2016
Obama hates cheap gas so he wants a $10 per barrel oil tax to fund green energy boondoggles
Remember when high gas prices were bad?
Yeah, me neither.
But cheap oil means Obama's green energy buddies need even more subsidies to compete, so he's suddenly decided to impose another gas tax.
President Obama will propose a $10 fee for every barrel of oil to be paid by oil companies in order to fund clean energy transport system, the White House announced Thursday.
The fee would be phased in over five years and would provide $20 billion per year for traffic reduction, investment in transit systems and other modes of transport such as high-speed rail, the White House said. It would also offer $10 billion to encourage investment in clean transport at the regional level.
It's almost as if he doesn't want us to catch a break, because he really wants gas to cost $10 a gallon. But he'll settle for an additional $10 a barrel for oil as a good start.
For those of you who are bad at math (ie, Democrats), with oil currently trading around $34 a barrel, Obama is proposing what amounts to a 30% tax.
Does anyone here want to pay 30% more for gas? Besides all the shysters hawking solar panels and windmills of course…
Fortunately, Congress won't go along.
The proposal immediately faced resistance from Republicans.
"Once again, the president expects hardworking consumers to pay for his out of touch climate agenda," House Speaker Paul Ryan said in a statement, arguing it would lead to higher energy prices and hurt poor Americans.
Ryan went on to describe Obama's plan as "dead on arrival" in Congress.
"The good news is this plan is little more than an election-year distraction. As this lame-duck president knows, it's dead on arrival in Congress, because House Republicans are committed to affordable American energy and a strong U.S. economy," Ryan said.
It'll be interesting to see Hillary Clinton defend this latest assault on consumers, seeing as how she's now running as Obama's 3rd term and all.
That is if anyone in the palace guard media bothers to ask her about it.
Posted at 12:39 by Chris Wysocki
[/agw]
Comments | Perm Link |
Technorati Tags:
Obama
gasoline
oil
energy
taxes
green-energy
|
Tweet
| Previous: Irony alert: In the NJ State Senate chamber, Lady Liberty is depicted holding a gun | Next: The Obama Doctrine: Fight Climate Change, not Islamic terrorism |
| Main | |