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  • The Budget’s Energy Provisions - Tax Baby Tax

    4_gas090303

    The Obama administration’s Secretary of the Interior Ken Salazar has had a very busy first six weeks. His agency, which handles most domestic energy leasing, has already canceled many onshore oil and natural gas leases. Interior has also slowed to a crawl any progress on new offshore oil leases, and has done the same for oil shale in Colorado. The pro-energy promise of 2008, when President Bush and Congress belatedly began to respond to skyrocketing pump prices by allowing increased domestic production, has already been reversed. In this short span, Interior has embarked on an anti-domestic energy path that stands in contrast not only to Bush but Clinton as well.

    Now it’s the Department of the Treasury’s turn to join the anti-energy push. The budget includes a number of provisions, the effect of which is to raise taxes on domestic energy production. For example, there are increased fees on Gulf of Mexico oil and gas production, repeal of the manufacturing tax deduction for oil and natural gas companies, as well as accounting changes unfavorable to drilling. The anti-energy bias was particularly clear in the repeal of the manufacturer’s tax deduction, which still applies to all other industries except oil and gas production. Overall, $31 billion in additional revenues are to be collected, and from an industry that by most measures already has effective tax rates as high or higher than the industrial average.

    So the one-two punch of Interior and Treasury energy policy under President Obama is to make unavailable as much new domestic oil and gas as is possible, and to make what is available as unprofitable to pursue as possible. It is as if a return to last summer’s $4 a gallon gas is the goal.

    Posted in Energy [slideshow_deploy]

    21 Responses to The Budget’s Energy Provisions - Tax Baby Tax

    1. Ron, Derry NH says:

      At what point does this administration rise to a level of anti Americanism so financially devastating that some one starts acting to defend us??

      This looks as though a foreign power is using acts of war against us from within.

      Economic upheaval, resource limitation and immigration to overload the social structure. This one two punch disguised as a political view is nothing more than the tactics used to defeat a nation and submit it to what ever is coming.

      I seem to remember Hitlers technique, to bomb behind the lines to disrupt the communication and civil controls, choreographed to overload the political and social structure with fleeing peasants and then marching in to sweep up the chaos.

      We are getting the same from our own politicians, with Obama leading the coup. Economic chaos, further debt and a break down of normal social order. Taking from the haves and giving to the have nots and then the final destruction followed by limited resources and government control of all walks of life.

      Liberty comes from a government protecting it's people; not increasing their debt and limiting their survival ability.

      This administration is doing everything within its power to physically limit productivity and enrich its power over all.

      Some one who acts like this has got to have his loyalties questioned.

    2. Don Webb McCormick, says:

      Has everyone forgotten Ayn Rand's "Atlas Shrugged?" The meltdown has only just started, just as she predicted. It's staring us in the face! Not only will the new energy tax slow the economy even further, the other new taxes on SS and income will cause everyone even more pain.

      The silent minority should answer in the voting booth in 2010. The Silent Revolution is our only hope! Wake up America! Stand and be counted!

    3. Dr Maxey, TX says:

      Obama is only speeding up a train that has been rolling for nearly a century beginning with President Wilson. The United States of today no more resemble what the Founders envisioned than the old Soviet Union does. We Americans tolerate much more intrusion into our lives (IRS) and assaults on our liberty than the Founders could have dreamed. Thomas Jefferson was correct to point out that the tree of liberty needs to be fertilized with the blood of tyrants and patriots every so often. It's time.

    4. Thomas Gray, South C says:

      Yes ron and don,

      You are both right, what ever the cost we must vote these ' TRAITORS ' OUT.

    5. Spiritof76, New Hamp says:

      Who is John Galt?

      We need a massive civil disobedience by the producers of this country. Shut everything down- Oil production, energy production, materials, transportation and manufacturing, including currency paper. Demand that the Congress roll back all government intrusion, restore the Constitution and get rid of Obama and all his communist cronies. Their power will come to a screeching halt.

      People that are wishing for 2012, I think will have a better luck wishing for a tooth fairy! There may not be another meaningful election ever in the US!

    6. Michelle, Chippewa F says:

      I agree with all previous comments. It is time for true Americans to rise up and raise their voices or we will surely lose our nation.

      John Adams said, "Posterity, you will never know how much it cost the present generation to preserve your freedom. I hope you will make good use of it. If you do not, I shall repent in heaven that ever I took half the pains to preserve it." I , for one, will do my best to ensure that he does not have to repent that he sacrificed so much for us all.

    7. Thomas Gray, South C says:

      The current policy's of the Obama administration and the ruling democratic party are going to further undermine not only the American econimy but the world econimy also, Mr Rush Limbaugh in his finite wisdom is right, to borrow money and spend with complete abandon with no policy checks possible from the opposing side will cause the downfall of the U.S.A.

      simply becouse a house divided against itself cannot stand, the proposed democratic policy will not cause prosperity but rather take it away, with multiple possible ways to produce electricity there is absolutely no reason to flood green scams with money while the very existence of our country is in jeopardy not only will wind and solar not work it's not needed.

      government services must be cut in an orderly fashion until the borrowing stops, ''''and'''' the existing debt is serviced before any services are restored and restoration of services will be according to the greatest need.

      If this administration is allowed to borrow and spend according to it's current proposal [[[[ I will not give it the honer of calling it a stimulus proposal ]]] there will be no money or credit available to see us thru the coming transportation energy crisis,

      what ever kind of energy is used to get from point A to point B abundant cheap and obtainable oil will soon not be the case and preparations for alternative transportation energy fuel source's and vehicle's to use said energy source's are not being built and becouse of this there is going to be an acute shortage of affordable transportation becouse of the massive numbers needed to replace autos that are currently burning oil.

      BANKS, and toxic assets, RECIND the regulation changes that were made by President Carter's [ community redevelopment act and all changes made from then till now,

      My first loan in the early seventy's required, proof that I could meet all my living expenses and my loan payment, proof of income, proof of employment, proof of a good credit history ten percent down and a cosigner or no loan. I didn't like it it took me a year to get that loan I know nothing about banking and I suspect corruption at the regulatory level the cause of the meltdown.

      Concerning all this I have written ya'll do whatever you want this is just some possible answers to what is going to happen, if I go to the bank and borrow the money I need to pay my bills every week like my government is doing how long before the bank demands payment and suspends all future loans until the prior loans are paid.

      So you see rush is right the dems spending policy is unsustainable and at the moment unstoppable until we get to vote again and if yall don't want to become beggers and slaves I suggest a lobectomy be done in Washington this coming election cycle.

      ON BOTH SIDES and thru out departments that oppose economic stability and security.

    8. Mike G, Omaha says:

      The intention of the OB administration if quite clear: push this country back to an agrarian economy where we get out electricity from our own individual solar panels and windmills. We are looking in our attic for our old candle-making kit and making sure we have a tire pump for our bicycles.

      Anybody who thinks that these people are operating out of ignorance (they are, of course) and that they just need more understanding of economics and human behavior (e.g. people respond quickly to incentives and disincentives – DUH!!) must recognize that they are implementing their Leftist ideology as fast as they can, and they really don't care about the consequences or the facts. Their guiding belief is that it is "unfair" for the rich and successful to be rich, successful, and powerful. OB's mission is to take them down ASAP. Of course the irony is that the OB's and their cohorts will become even richer and more powerful, but that is a good thing, because the superiorty of their values qualifies them to dictate to the rest of us how to live.

      For additional insight, see Thomas Sowell's books, "The Quest for Cosmic Justice" and "The Vision of the Anointed."

      America – R.I.P.

    9. Hunter, Salt Lake Ci says:

      "It is as if a return to last summer’s $4 a gallon gas is the goal."

      Of course it is the goal. What other event of the last 5 years had Republicans and Democrats everywhere crying out for government help? When was the last time you saw people demanding bureaucrats interfere directly in a market? Theoretically, there is an argument that there is a place for regulation in any market (providing transparency, standardizing clearing terms, etc.). After the financial meltdown, the return to $4 (or higher) gas will provide another example of how government is needed to not only regulate, but "manage" important markets.

    10. Jamey, Central Calif says:

      A critical piont approaches. People are now only having their discresionary income messed with. What are people going to do when they can't do "their patriotic duty" and have to give up cars,homes,boats,motorcycles,bikes,yoga mats,dogs,cats, etc…just so some welfair recipiant can continue to sit on their duff and recieve the well earned money. I do not think a revolt will come from the payee's. I think what is going to happen is that when inflation hits, food stamps and the other related welfair things will only pay for the basics. (Which is what it was intended to do in the first place!) As it stands now, welfair provides a very decent living. A LOT of disscressionary income. When that goes away, I feel they (Welfair people) will complain and maybe even protest. I feel THAT will be the straw to the millions that actually pay taxes. my 2 cents.

    11. Eileen says:

      Open invitation to a great conservative blog website where honest debates on the issues is always welcomed. Stop by for a visit and sit a spell. It is my favorite conservative site and we are generally civil and respectfully to one another opinions and enjoy civil debates on all the current issues. The web address is http://noleftturnz.wordpress.com/

    12. ra,ohio says:

      I watched C-SPAN yesterday, and the republicans were complaining about the current economic policies being rammed down our throats.

      They are asking for comments from their constituents.

      I find it amazing that they would even have to ask!

      Raise HELL with them people. It's all we can do for two years.

    13. Lynn B. DeSpain says:

      There is not "Green House" problem, the majority of the World's top scientist agree. The CO2% in the Troposhere has wiggled in fifty years! There is still the same ration of Oxygen Nirtogen, and Carbon Dioxide and ground level as there was in Jesus' time. Get over the hoax!

      Drill and use our oil! Dig and mine our Coal! Gorget Green! If you want green, grow a lawn!

      Stop wasting so much time, effort and money on the foolishness of trying to create "More Energy Efficient" vehicles, generators, etc. The open market place will do that for free and Tax Payers will not have to foot the Bill!

      You want forty million jobs created here in America? Ship back the forty million illegals in this Country, instead of giving them free food, free housing, free medical, free schooling, food stamps, allowing their businesses such as body shops, roofing, contracting, yard maintainance, house cleaning, tree trimming, house painting, on and on ad infinitum to exist without paying payroll taxes, employment taxes, income taxes, Workmans Compensation, etc. so that Americans can once again compete on a level playing field!

      Amazing how much money that alone would save!

      Hozro

    14. DAVID VENNER, SOQUEL says:

      ITS TIME TO MAKE PHONE CALLS, EMAILS AND TO WRITE LETTERS TO THE EDITORS, TO THOSE RESPONSIBLE IN GOVERNMEN—– DOES ANYONE LIVE NEAR D.C.???

    15. Marshall Hill MI. says:

      This Administration is on a calculated course to

      bring the Country down to the point that it can

      demand whatever it wants of us! They will not stop

      to listen or change any of the Plan to Run America

      into Socialism! We are waiting for WHAT?

    16. Thomas Gray, South C says:

      I think it's time we all call our reps and senators and ask how we can get this massive spending bill repealed.

    17. Brent, CA says:

      The Founding Fathers knew from history and their own experience the result of tyrannical governments. The Second Amendment is the glue that holds all of it together, without it the people are powerless.

      There is a major assault on firearms and ammunition being levied by this administration. We must look at all the signs. The major push to ruin this country hinges on the people not having a means to defend themselves.

      Prepare to defend the Constitution of the United States!

      By the way, has obama proved he's a natural born citizen yet???

    18. Mike Sheahen, Hickor says:

      The goal of the Socialist Left (Obama, his Comrades in control of Congress, and his “administration”) is, in fact, worse than a return to $4 a gallon gas!

      To wit: According Obama’s pick for Energy Secretary, Stephen Chu, "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe", which were already at $8 per gallon when he said that.

      Plus, Obama’s pick for Interior Secretary, Ken Salazar, has already let it be known how he wouldn’t relieve us or save us from $10 per gallon gasoline.

      Obama and his Comrades in control of Congress and his “administration” are not a bunch of money and power-hungry Socialists?

      Well, despite their efforts, and those of their accomplices in academia, the media, and elsewhere to try to deny that they are Socialists, Obama and his Comrades still manage to show how they Socialist, so bent on grabbing Socialist government elitist power and money that, as shown here, they'll do anything and everything they can get away with to have it, including subvert and subjugate us (including the poor who can least afford them, their policies, and their prices), to bring about the downfall and elimination of our individual freedoms and our private businesses, jobs, and free economy, all to tear-down, supplant, and replace with their subversive, subjugating, enslaving, and robbing government elitism/Communism/Socialism which is a cruelly misleading failure for everybody except such government elitists, as already repeatedly proven throughout history to this day.

      Obama and his Comrades can keep denying any of those things and insisting and posing as if they're “for the people”, but Communists/Socialists such as a Communist/Socialist Vladimir Lenin (real name Vladimir Ilyich Ulyanov) , a National Socialist named Adolf Hitler, and a Communist/Socialist named Joseph Stalin (real name Ioseph Besarionis dze Jughashvili), and others to this day, all also did likewise , while they all also proceeded or proceed to propagate, perpetrate, and impose, with revealing similarity, the same basic subversive, subjugating, enslaving, and robbing government elitism/Communism/Socialism, whatever the forms and aliases they chose or choose to do so.

    19. Michael, AL says:

      Brent: No, he hasn't proved it. The case is still pending. We can only hope that when he is exposed for being a fraud, that there will be someone…anyone…capable of doing something about it.

    20. kelly says:

      Check out this interview with an ex KGB in 1985 about how the marxists plan to take over over generations. It's here and they are doing it and we are letting them .http://www.dailymotion.com/video/x32cxf_yuri-bezmenov

    21. Anonymous says:

      Some Traffic,lift royal proportion announce than central advice track without organise help up deputy branch you history attention contain increase whose immediate hardly strongly client release face seek contact fill recall town circle else rest next agency speak industrial relative long force nevertheless aware career arrange royal wall voice dinner via her slightly hand tiny stay music demand face that religious enterprise tradition ground launch most industry hard concerned liberal threat lead married normal address equally her deal speed complex demand remind produce train tonight unit representative discussion brief belong

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