Dear American Energy Supporter,

Since President Obama took office, he has been hostile to energy production both in the United States and Canada. The President halted oil and gas leasing in Utah, stopped research and development leases for oil shale, and postponed plans to open new areas for offshore energy production.

In addition to his attacks on domestically produced energy, the President’s budget included a cap and trade tax on oil, coal, and natural gas. Besides the other $1 trillion in new taxes in the President’s budget, the cap and trade tax on its own would increase taxes by $1.3 trillion to $1.9 trillion from 2012 to 2019. The cap and trade tax would be the largest tax increase in American (and probably world) history. This would harm the economy and American job prospects.

President Obama's cap and trade tax would especially harm oil imports from Canada. This is a particularly troubling development. Canada is our largest trading partner. We import more natural gas, refined gasoline, and oil from Canada than any other nation in the world. Nearly 100 percent of Canada’s energy exports go to the United States, but President Obama’s hostility toward these reliable, secure energy resources is making the Canadians look to sell their oil to China and the rest of Asia instead of the United States.

President Obama must halt his attacks on these abundant and reliable sources of energy.

For more information on these critical energy issues, see the following resources:

• Help open offshore areas for more energy production
• The Size of President Obama’s Massive Energy Tax Grows
• Cap and Trade Primer: Eight reasons why cap and trade harms the economy and reduces jobs
• The Canadian Energy Industry Targets Asian Trade, Avoids New U.S. Regulations
• President Obama’s Budget includes $1.6 trillion in New taxes—the Largest Tax Increase in History


Tom Pyle
President
Institute for Energy Research

 

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