鈥淭he White House鈥檚 US$10/bbl tax hike on crude oil could harm consumers, destroy jobs and raise energy costs,鈥� said API President and CEO Jack Gerard.
鈥淭his unprecedented tax hike 鈥� 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 鈥� is just the latest bad idea from this administration when it comes to US oil and gas resources. API strongly supports Congressman Boustany鈥檚 resolution to oppose this harmful measure.鈥�
API President Jack Gerard called on the president to put consumers first and not disrupt America鈥檚 energy renaissance with unnecessary, costly regulations.