U.S. needs oil, natural gas for economic growth

09/16/2010 | Washington Post, The

Raising oil and natural gas taxes to finance the government's infrastructure program would only prompt workers to seek jobs abroad and drive away new investments, writes Erik Milito, upstream director at the American Petroleum Institute. According to Milito, the most reasonable way to create jobs and boost the economy is to end the deepwater-drilling moratorium and allow the continued development of oil and gas. This approach does not require tax hikes, Milito writes.

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