AmeraTex-Energy-Obama-Proposes-1473102
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ameratex energy ltd securities
AmeraTex Energy - Obama proposes shift in use of oil and gas revenue. AmeraTex Energy Oil & Natural Gas News Syndication. ameratex securities With few options available for financing his clean-energy ambitions, President Obama today is expected to propose diverting $2 billion in revenue from federal oil and gas leases over the next decade to pay for research on advanced vehicles, ameratex energy securities White House officials said. Obama will visit the Argonne National Laboratory near Chicago to tour its state-of-the-art research facilities and to promote his idea to use oil and gas money to find ways to replace hydrocarbons as the primary fuel for the nation’s cars, trucks and buses. ameratex energy inc securities The idea is likely to encounter strong resistance from Congressional Republicans, who will portray it as a tax on energy producers, according to the New York Times. ameratex energy llc securities The White House says the money will come from growth in drilling revenue from leases on public lands and waters over the next decade and is not a new tax, the Times reported.
