The Hill News

If anyone doubts that the presidential campaign season is already in full swing, they need only pick up a newspaper or turn on the TV to witness the political spin, doublespeak, and outright illogical claims about America’s energy policy. And now with gas prices on the rise and the President’s approval rating dropping, an all-out blame game has begun.
 
Two years ago the President and his allies in Congress pushed to raise gas prices with cap-and-trade legislation and EPA regulations. Since then they’ve kept up the pressure, most recently through a “permitorium” that’s thrown up bureaucratic obstacles to domestic energy development.
 
Instead of reversing these mistakes, the President has seized upon high gasoline prices â€" along with a budget deficit caused by record overspending â€" to rally support for dramatically boosting taxes on oil and gas companies. Citing large corporate profits, while ignoring $100 million in daily governme! nt revenue generated by the industry, the President’s rhetorical attack on oil and gas companies is about as far removed from reality as can be. His shortsighted approach would actually have a net negative effect on the debt by eliminating jobs, revenue and growth fueled by American-based energy.
 

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