“The White House’s US$10/bbl tax hike on crude oil could harm consumers, destroy jobs and raise energy costs,” said API President and CEO Jack Gerard.
“This unprecedented tax hike – 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 – is just the latest bad idea from this administration when it comes to US oil and gas resources. API strongly supports Congressman Boustany’s resolution to oppose this harmful measure.”
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API President Jack Gerard called on the president to put consumers first and not disrupt America’s energy renaissance with unnecessary, costly regulations.
