It’s very simple - Barack Obama needs the money more than us bitter little people. Once you embrace the truthful audacity of his hope and change, it all becomes clear.
I’m with Obama on this one. Raising the tax on oil companies is a raise in gas prices. Uncle Sugar will get more from the oil companies and more from the consumer as prices increase. Win-win for the state. Lose-lose for the consumer. No change for the oil companies. They are going to make theirs.