US Treasury Secretary Attacks Oil, Gas Companies

If you still think the Obama Administration is dedicated to American prosperity, the creation of wealth and jobs in American; we not that Trasury Secretary Geithner is now contining the Administration’s attack on oil companies.  Long “Big Oil” and the evil doers Democrats loved to hate, oil companies are no under seige for making a profit and producing global warming…..

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U.S. oil and natural gas producing companies should not receive federal subsidies in the form of tax breaks because their businesses contribute to global warming, U.S. Treasury Secretary Timothy Geithner told Congress on Wednesday.

Reuters

It was one of the sharpest attacks yet on the oil and gas industry by a top Obama administration official, reinforcing the White House stance that new U.S. energy policy will focus on promoting renewable energy sources like wind and solar power and rely less on traditional fossil fuels like oil as America tackles climate change.

Read the rest:
http://in.reuters.com/article/oilRpt/id
INN0454844120090304

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