The Democrats’ War on Jobs Continues

Save US Energy Jobs released this video highlighting how the moratorium on drilling is killing jobs, and how the administration’s plan to double-tax domestic oil producers will kill even more American jobs.

I sat in on a conference call with Tom Pyle, President of the American Energy Alliance, who discussed the economic impact of the looming tax hikes on energy companies. The Gulf oil spill provides political cover for Obama and the Democrats to ram through an agenda they had planned all along. Pyle said that even before the oil spill, the administration was revoking permits, and not just in deep water areas, but everywhere. He also said that even if the administration lifts the moratorium on drilling, the rigs will still go overseas, along with thousands of jobs.

Pyle talked about the slate of taxation schemes the Democrats will try to impose when they return from recess. They want to repeal Section 199 tax credits for only the oil and gas industry. They also want to change dual capacity rules for American producers, which will be a boon for foreign companies. All of their plans will make us more dependent on foreign oil, not less. Isn’t that special? Hugo Chavez must be so happy.

To make matters worse, imposition of low carbon fuel standards will make it impossible to import from friendly countries like Canada, because they say there’s too much greenhouse gas emitted when they extract oil from the tar sands. So we’ll see an increase in tanker traffic, which is riskier than drilling.

All of this will make energy more expensive for us, while killing jobs in an already rotten economy.

One final thought: If they can target the oil and gas industries, who can’t they target?

Tags: agenda, Democrats, drilling, moratorium, obama, oil companies, oil spill, tax, Tom Pyle, video