Obama proposes $10/bbl crude oil tax to fund transportation plan

The Obama administration proposed a $10/bbl tax on crude oil to help pay for its plan to create a 21st Century Clean Transportation System. Officials from national oil and gas associations immediately said it was a serious mistake.

The presidents plan would increase American investments in clean transportation infrastructure by roughly 50% while reforming the investments we already make to help reduce carbon pollution, cut oil consumption, and create new jobs, the White House said in a Feb. 4 fact sheet.

http://www.ogj.com/articles/2016/02/obama-proposes-10-bbl-crude-oil-tax-to-fund-transportation-plan.html