Atlantic Seismic Exploration Announcement an Empty Gesture
“The administration’s announcement does not put the U.S. on track to produce more of its own energy, and does not make up for three years of failed energy policy,” said Milito. “It continues the pattern of delaying U.S. oil and gas development and supplies until well into the future.”
Milito called the announcement political rhetoric and an attempt to make the Obama administration look like it is doing something on gas prices, “but in reality it is little more than an empty gesture.”
“Without an Atlantic coast lease sale in their five-year plan, the administration’s wishful thinking on seismic research has no ultimate purpose,” Milito commented. “The White house has banned lease sales in the Atlantic for at least the next five years, discouraging the investment and job creation, and ultimately production, which would make seismic exploration valuable.”
h/t Adrian
Milito better be on alert for an IRS audit!
4 dollar Gasoline has an average 50.7 cents tax,
Diesel has 63.6 cents
and both have 19.2 cent per gallon federal tax.
Plus a 26.1 cpg oil company franchise tax on diesel.
California,
Is the highest with 65 cents per gallon on petrol,
and 71 cents per gallon on taxable road use diesel.
Plus 26.1 cpg oil company franchise tax on diesel.
4 dollars minus $1.36 cents would be 2.64 cents per gallon..
Oblamer is a clown..
And when that NJ refinery, 335,000 gallon a day,
shuts down because it cant make a profit,
the unwashed peons that cant find gas will be in his front yard with pitchforks and torches,
if they can find gas for the torches..
What has the Obama administration ever done that is not an empty gesture?