Obama Intent on Destroying Our Domestic Oil Industry

I recently received an e-mail from a friend of mine regarding the Obama administrations stated desire to tax the hell out of the oil industry to pay for alternative energy research and "porkulus" bailout money, etc. LOGA started an online petition to stop Obama's reckless crusade to destroy the domestic oil industry. You can read about it and sign the petition here. I would urge you to do so even if you don't work in the oilfield.

I happen to work in the oilfield manufacturing sector and I can tell you with a great deal of certainty that business has already fallen off the cliff. Obama's proposed taxes and dis-incentives to Gulf exploration will only intensify an already dire economic situation. Major oil companies can't get the credit they need to operate so everything is at a standstill. Meanwhile, Detroit gets billions in bailout money to keep auto makers in business. We had 651,000 jobs go down the tubes last month. Who the hell is going to buy these cars? We don't need more cars. We will always need fuel for the cars we already have. We also need to free ourselves from foreign oil by developing our resources in the Gulf of Mexico. Obama's proposed policies are the polar opposite of what is needed at this critical time.

Some oil companies and oilfield service companies are already laying off thousands of employees. I know one older gentleman who had to come out of retirement and return to work because (as he put it) his "401k turned into a 101k". For the first time in my life, I feel like my own government is doing everything in it's power to put me out of a job. I knew I would be deeply disappointed in Obama's policies but I never in my wildest dreams thought that I would be targeted for extermination. This is worse than I ever could have imagined and we're only 50 days into his 4 year term.

To summarize: Obama's intent is clearly to discourage domestic oil production by excessive taxation. This will in turn increase energy costs, increase unemployment, increase our dependence on foreign oil and further damage our already broken economy. It's like we're racing towards financial oblivion and our president's solution is to hit the nitrous and stand on the gas.

Thanks ObamaZombies. See you in the soup line.