Obama preparing ‘larger speech’ on $10 per barrel oil tax

Yesterday, President Obama took advantage of the low price of a barrel of oil (just about $31, today) to propose a $10 a barrel tax. As you might suspect, people have a lot of questions about this proposal, and during a Q&A with reporters yesterday after a briefing on the lower unemployment rate, the President said that he’s going to address the issue with the American people soon.