President Obama was hardly candid when he discussed the oil and natural gas industry during his State of the Union Address. He strove to create the impression that he was staunchly in favor of new exploration and drilling. But his real message was between the lines.
When he proposed a “market-based solution to climate change,” he was really talking about a new tax on carbon emissions. And when he proposed that “we use some of our oil and gas revenues” to fund research on alternative energy, he was really talking about taxing traditional energy companies in order to subsidize 9 million Americans who work in the oil-and-gas industry and the billions this sector contributes to our US economy every year. Don’t let him fool you – he is for wind and solar and would love to see oil and gas disappear. FAT CHANCE!