Well I am in the oil business: the consequences of this hair brained notion are astounding. We already pay severance tax, ad valorum tax, income tax, and royalties. A $10/bbl oil tax will slaughter the industry completely. There is no $10 left over after drilling and producing, paying tax and marketing. It would have to be passed along to customers, rendering every single US produced barrel of oil more costly than imported muslim Saudi oil.
Only a communist anti American muzzy would like that.
I am retired oilfield trash as well.
You forgot that consumers also pay up to +50 cents per gallon for gasoline taxes, or somewhere between 1/3 to 1/4 of the entire cost of what they pump into their car.
at current crude prices, Obama is attempting to make consumers pay over 50% of the cost of a gallon of gas.