API Says Obama Budget Punishes Oil & Gas Industry, Destroys Jobs

The American Petroleum Institute is not impressed with the budget recently released by President Obama. They point out the way Obama (once again) attempts to punish the oil and gas industry. In typical Democrat fashion, Obama wants to slap higher taxes on oil and gas. Of course anything you tax you get less of, which is exactly the wrong thing to do in the jobless Obama economy. Some people never learn.

Since Obama trotted out a retread of last year's budget, the API decided to simply re-issue their statement from last year too. Clever...

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