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API states crude tax hike can cause harm

 

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World 鶹ýӳ,

鶹ýӳThe White House鶹ýӳs US$10/bbl tax hike on crude oil could harm consumers, destroy jobs and raise energy costs,鶹ýӳ said API President and CEO Jack Gerard.

鶹ýӳThis unprecedented tax hike 鶹ýӳ 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 鶹ýӳ is just the latest bad idea from this administration when it comes to US oil and gas resources. API strongly supports Congressman Boustany鶹ýӳs resolution to oppose this harmful measure.鶹ýӳ

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