- Aug 16, 2012
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Geez.. when does it stop with him?
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President Barack Obama will propose a $10 per barrel charge on oil to fund clean transportation initiatives as part of his final budget request next week.
Oil companies would pay the fee, which would be gradually introduced over five years.
"By placing a fee on oil, the President's plan creates a clear incentive for private sector innovation to reduce our reliance on oil and at the same time invests in clean energy technologies that will power our future," the White House said in a statement.
....
President Barack Obama will propose a $10 per barrel charge on oil to fund clean transportation initiatives as part of his final budget request next week.
Oil companies would pay the fee, which would be gradually introduced over five years.
"By placing a fee on oil, the President's plan creates a clear incentive for private sector innovation to reduce our reliance on oil and at the same time invests in clean energy technologies that will power our future," the White House said in a statement.