rssOil Industry Rails Against Obama Transportation Plan
Wednesday, September 08, 2010 at 1:02 pm
- 29 Comments
The oil industry is railing against a plan by President Obama to spend billions of dollars on new transportation infrastructure because the $50 billion proposal will be paid for with an increase in taxes on the oil and natural gas industry.
In a statement, Independent Petroleum Association of America Chairman Bruce Vincent says the tax hike on the industry will kill jobs. According to Vincent:
With the nation’s unemployment rate on the rise, moving closer toward double-digit figures, and America’s dependence on unstable regions of the world to fuel our economy growing by the day, it’s unfortunate that the president still doesn’t recognize that billions of dollars in higher taxes on America’s independent oil and natural gas producers, who drill 90 percent of the nation’s wells, is not a jobs plan — it’s a job-killer.
Billions of dollars in new energy taxes will lead to fewer American jobs, less stable supplies of homegrown energy, and an increased reliance on foreign oil.
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29 Comments
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[...] Oil Industry Rails Against Obama Transportation Plan « The … [...]
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[...] Oil Industry Rails Against Obama Transportation Plan « The Washington Independent [...]
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[...] Oil Industry Rails Against Obama Transportation Plan « The … [...]
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[...] From the Oil Lobby: It’s a “Job-Killing Tax Hike” (Washington Independent, [...]
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[...] The oil industry was less enthusiastic about transportation investment. (Wash Independent) [...]
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[...] a statement, Independent Petroleum Association of America Chairman Bruce Vincent says the tax hike on the [...]
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[...] Oil Industry Rails Against Obama Transportation Plan « The Washington Independent [...]
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Pingback posted September 14, 2010 @ 3:40 am
[...] subsidies for the oil and gas industry in the wake of the Gulf oil spill. President Obama last week called for repealing oil and gas industry subsidies in order to pay for his broad transportation [...]
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[...] Oil Industry Rails Against Obama Transportation Plan « The Washington Independent [...]
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[...] Oil Industry Rails Against Obama Transportation Plan « The Washington Independent [...]
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[...] Oil Industry Rails Against Obama Transportation Plan « The Washington Independent [...]
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[...] Oil Industry Rails Against Obama Transportation Plan « The Washington Independent [...]
Comment posted October 1, 2010 @ 8:45 pm
Hopefully more clean energy jobs will be created.
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[...] Oil Industry Rails Against Obama Transportation Plan « The … [...]
Comment posted December 8, 2010 @ 1:34 pm
Wireless alarm systems are now just as reliable as hard wired systems. It used to be that wireless systems were subject to interference from outside sources, but now, with advanced technology, they use unique frequencies to avoid this. Your wireless system (box) will have to be connected to an electrical outlet, but will have a back-up battery. Most wireless sensors now use lithium batteries, which last 7-10 years. Below is a link to an article comparing hardwired vs. wireless systems. http://safetechalarms.com/
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