After Mitt Romney’s latest victories in the Republican primaries in Wisconsin, Maryland and Washington DC, he is increasingly looking like securing his party’s nomination. The former Massachusetts governor obviously thinks so and in his victory speech he completely ignored his Republican rivals to focus his ire on President Obama instead, calling him an “out-of-touch liberal”. … Read More
A tax break for refiners paid for by school budget cuts: a taste of things to come?
In a chilling preview of what life may be like if Rick Perry were to become president, a commission appointed by the Texan Governor is proposing handing Valero and other Texan refiners a tax refund worth $135 million. That would be bad enough but where will they find the money in these hard times? Around … Read More
“We simply can’t afford wasteful subsidies”
No wonder those oil boys at the American Petroleum have launched a campaign to try and stop further “tax increases” (read: subsidy removal) on the industry. They know that Obama is on their back. Yesterday, the President wrote to the House Speaker John Boehner, and other political leaders asking them to take “immediate action to … Read More
API’s Latest “Ridiculous” Anti-Tax Campaign
Any regular reading of this blog will know that that the good old American Petroleum Institute (API) is fairly wizard-like when it comes to conjuring up numbers of how many people the industry supports or employs. Up to September 2009, the API had often repeated statements such as “The oil and gas industry employs nearly … Read More