.... Man Speaks With Forked Tongue

Link here to Oil and Gas Journal.

More than $85 billion in new oil and gas taxes in US President Barack Obama’s proposal to reform federal corporate tax rates reflect his administration’s inconsistent attitude toward the industry, American Petroleum Institute Pres. Jack N. Gerard said. He strongly objected to characterizing recovery of normal business expenses as tax preferences and loopholes.
 
Administration officials have said that eliminating what it considers special tax breaks is essential before the US corporate tax rate can be reduced from 35% to a more globally competitive 28%. Industry leaders expect the proposal to include the same new oil and gas taxes that are in the White House’s fiscal 2013 federal budget request.

Meanwhile, elsewhere, it is said that these same "tax preferences and loopholes" will be extended to green energy companies, several of which went bankrupt this past year.