No Tax Breaks because of Global Warming
Posted: March 5th, 2009, 5:39 am
Prepare for your HIGH PUMP prices to return.
US Treasury secretary attacks oil, gas tax breaks
http://in.reuters.com/article/oilRpt/id ... 4120090304
U.S. oil and natural gas producing companies should not receive federal subsidies in the form of tax breaks because their businesses contribute to global warming, U.S. Treasury Secretary Timothy Geithner told Congress on Wednesday.
It was one of the sharpest attacks yet on the oil and gas industry by a top Obama administration official, reinforcing the White House stance that new U.S. energy policy will focus on promoting renewable energy sources like wind and solar power and rely less on traditional fossil fuels like oil as America tackles climate change.
*****
NOTE TO OBAMA.. There is no CLIMATE CHANGE.
BEAM ME UP SCOTTY!!
US Treasury secretary attacks oil, gas tax breaks
http://in.reuters.com/article/oilRpt/id ... 4120090304
U.S. oil and natural gas producing companies should not receive federal subsidies in the form of tax breaks because their businesses contribute to global warming, U.S. Treasury Secretary Timothy Geithner told Congress on Wednesday.
It was one of the sharpest attacks yet on the oil and gas industry by a top Obama administration official, reinforcing the White House stance that new U.S. energy policy will focus on promoting renewable energy sources like wind and solar power and rely less on traditional fossil fuels like oil as America tackles climate change.
*****
NOTE TO OBAMA.. There is no CLIMATE CHANGE.
BEAM ME UP SCOTTY!!