Abdalla El-Badri, OPEC secretary, in a recent interview cautioned against a move by the U.S. to seize on the low prices in order to increase taxes on petroleum fuels. Such measures would increase the burden on consumers and may prompt oil-producing nations to reconsider investments to expand output capacity.
Even OPEC can see right through President Obama. That is exactly what the president is attempting to do. While oil prices are low, he wants to take advantage of the situation and tax the ........ out of oil and gas, no not just oil and gas, any energy created from carbon fuels. President Obama is going to drive the cost of gasoline up through taxation. He is going to rob every family, every person that drives a car, boat, airplane, heats their homes or uses electricity. His taxation will rob you of your well earned money, whether you make 8 dollars an hour or 500 dollars per hour. This is a tax that will hurt America today, so he can fund unproven alternative fuels which will not be ready for another 5 to 10 years.
I will say it again, phase out carbon fuels while you introduce the alternatives. Don't raise the tax on them, don't artifically raise the price of carbon fuels. Keep the prices low and as a good competitive alternative fuels become available, then phase out the carbon fuels.
President Obama, this nation is asking you to fix our economy not destroy it.
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