Obama's anti-oil baron rhetoric is political pablum, something to be expected from a man who's never produced anything or made a payroll. Beyond the rhetoric is the policy. He proposes raising $41 billion over the next decade from tax increases on the oil and gas industry, more than any other industrial sector. He would repeal the domestic manufacturing deduction for the industry, while other industries could retain it. This flies in the face of his “all-of-the-above” energy policy and his celebration of American companies hiring Americans.
Another punitive target is the tax break for intangible drilling costs. The list goes on and on, a policy script heavily weighted against oil and gas and for “clean energy technology” that gave us Solyndra and other debacles.
“Dallas” seasons typically contained an episode featuring the annual oil barons ball, a fancy soiree at a posh hotel. In the real world, the Dallas Cowboys stadium in Arlington couldn't hold a fraction of the people who actually own oil and gas companies.