Skip to main content
  1. Home
  2. Refining
  3. 10 Feb 16
  4. API states crude tax hike can cause harm

API states crude tax hike can cause harm

Published by , Editor
Hydrocarbon Engineering,

“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.”

Edited from source by Stephanie Roker

Read the article online at: https://www.hydrocarbonengineering.com/refining/10022016/api-states-crude-tax-hike-can-cause-harm/

You might also like

Hydrocarbon Engineering podcast

Hydrocarbon Engineering Podcast

Mike Logue, Owens Corning Global Business Director – Mechanical Insulation, delves into factors that can support the performance, safety and longevity of insulating systems installed in hydrocarbon processing environments, including cryogenic facilities.

Listen for free today »

 
 
 

Embed article link: (copy the HTML code below):