The White House is proposing a bold $10 per barrel tax on oil in a move that immediately sparked a backlash from an energy industry buckling under the pressure of low prices.
The proposal was contained in a budget plan that the Republican-led Congress will ensure is never enacted, but it is likely to force the Democratic candidates for president to sharpen their positions on energy.
The oil industry said that the tax would raise the cost of petrol by 25 cents per gallon and undo the shale energy revolution.
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