US producers were more disappointed than surprised that the White House decided to call for higher oil and gas industry taxes to help pay for the president's new jobs legislation.
US President Barack Obama's single negative reference to the industry in his Sept. 8 address to Congress sent a disturbing signal to Independent Petroleum Association of America Pres. Barry Russell, who quickly issued a statement.
"The president's recommendations for improving transportation and the nation's infrastructure fail to recognize the energy required to make these programs successful," Russell said, adding, "It will require oil and natural gas, which should come from American resources. ...