AFPM statement on House carbon and oil tax resolutions

The first statement by American Fuel & Petrochemical Manufacturers’ (AFPM) President Chet Thompson on the House Concurrent Resolution 112, expresses the sense of Congress opposing President Obama's proposed tax on every barrel of oil:

“The House was right to oppose the President’s proposed US$10.25/bbl tax, as it would have a damaging impact on consumers and our nation’s economy. Under this proposal, consumers could face higher prices for gasoline and other petroleum-based products that they rely upon in their everyday life, but get nothing in return. Higher energy prices mean less disposable income for life’s other necessities. The President’s proposal would be disruptive to American families and ultimately to the nation’s economy. The AFPM applauds Rep. Boustany for introducing this important resolution.”

With regard to the Carbon Tax, the next statement from the AFPM President Chet Thompson on the House Concurrent Resolution 89, expressed the sense that a carbon tax would be detrimental to the US economy:

“A carbon tax, or consumer energy tax, is bad for American consumers and business and this resolution makes that clear. Imposing a carbon tax will only lead to higher fuel costs – with the largest burden being forced on lower income households – and threatens the manufacturing of fuels and petrochemicals, which will put millions of industry jobs at risk. The net effect is that we pay more for energy and, collectively, end up poorer as a result, instead of reaping the benefits from affordable and reliable energy and petroleum products.”

Adapted from press release by Francesca Brindle

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/13062016/afpm-president-chet-thompson-statement-house-carbon-oil-tax-resolutions-3513/