From Marin Katusa, Chief Energy Investment Strategist, Casey Research:
We know Obamarama is going to tax the rich, but I bet many didn't think he would weasel in the carbon tax as quickly as he is going to now. A Romney win would have been bullish for coal producers in the U.S. – but Romney lost, and now, so has coal... at least in the near term. The biggest winner from Obamarama? Natural gas.
Exxon Mobil Corp (XOM) is now supporting Obama in bringing a carbon tax to the U.S.
Why would Exxon – and other big energy companies – join forces to bring on the carbon tax?
The answer is simple...
More government stupidity: