dzԹThe White HousedzԹs US$10/bbl tax hike on crude oil could harm consumers, destroy jobs and raise energy costs,dzԹ said API President and CEO Jack Gerard.
dzԹThis unprecedented tax hike dzԹ adding, according to public reports, about 30% to the cost of a barrel of oil and potentially about 25 cents to the cost of a gallon of gasoline dzԹ is just the latest bad idea from this administration when it comes to US oil and gas resources. API strongly supports Congressman BoustanydzԹs resolution to oppose this harmful measure.dzԹ
API President Jack Gerard called on the president to put consumers first and not disrupt AmericadzԹs energy renaissance with unnecessary, costly regulations.