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Carbon and Environmental Taxes: Democrats Ace in the Hole

|Includes: APA, APC, BP, CHK, CVX, KMI, MRO, OXY, Range Resources Corporation (RRC), SD, WMB, XOM, XTO
Mr. Miller has advised that "Environmental Taxes" are a foregone conclusion on the shale oil and gas fracking industry and some States are moving to ban fracking outright.

The drivers are both legitimate environmental concerns over contaminating the water tables across the U.S. and as always "Money". The Federal Government, States and Municipalities across the U.S. are in debt, facing massive budget deficits, and many States and Municipalities are "technically insolvent", and Bankruptcy is not an option for the States.

All this leads to one place: New taxes on the Oil and Gas industry, and environmental taxes on fracking driven by the EPA. This is a certainty.

House Energy Plan to Uproot EPA | EnergyBiz