[ChicagoConservative27]

We shall see.

[advertising guy]

our economy is gonna roar,,,,,know why and how and when ?

[sono]

Bob Zubrin examines Obama's Energy Plan.

At the core of the Obama policy is a proposal to tax American oil companies and use the proceeds to fund a variety of initiatives, including a $500 rebate to every adult in the nation to help him or her to make ends meet in the face of high oil prices. This generous program would cost about $100 billion. Since the U.S. oil industry produces about 3 billion barrels per year, this translates into a tax of about $33 on every barrel produced in America, while leaving the 5 billion barrels per year of imported foreign oil untaxed.

As a method of damaging America’s prospects for achieving energy independence, such a proposal is hard to top.

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