If it ever was a secret, it’s not a secret any longer: The Obama Administration is on a vindictive campaign to injure America’s oil and gas industry. The proof materialized last week when video of an Environmental Protection Agency official revealed the White House’s vicious attitude toward the very industries that supply the American people a reliable, affordable energy source. Yesterday, that official fell on his sword and resigned to spare the president any further embarrassment from the truth he disclosed.
Lest there be any doubt, it’s worth reiterating the point — according to Armendariz, the EPA views its enforcement efforts as a violent crucifixion used to strong arm companies into submission. The Constitution bars cruel and unusual punishment, but evidently that doesn’t apply to the axe-wielding EPA when it comes to enforcing regulations.
For the president and his cadre of bureaucrats, “Big Oil” is the enemy that deserves to be beaten into submission.
Exhibit A: The president’s unremitting crusade to raise taxes on the oil industry by denying it access to tax credits available to other industries
Second, when the president talks about “Big Oil,” keep in mind who “Big Oil” is — it could very well be you. Thirty-one percent of U.S. oil and natural gas shares are owned by public or private pension plans.