The Obama administration is proposing a tax of $10 on each barrel of oil consumed in the US. The $300 billion raised over 10 years would be used to fund the president's green transportation plan, funding mass transit, high-speed rail, self-driving cars, and other transportation white elephants that are supposed to reduce greenhouse gas emissions and relieve congestion. Politico: Two senior administration officials authorized to discuss the plan described it as a sharp departure from unsustainable asphalt-driven Washington policies that date back to President Eisenhower’s creation of the interstate highway system, as well as an aspirational next step for a climate-conscious president who has already ratcheted up fuel-efficiency standards for cars and trucks, doled out unprecedented green energy subsidies, cracked down on carbon pollution from power plants, and pushed through a global climate deal in Paris. They said that transportation...(Read Full Post)