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Oil industry ad campaign hits Obama, Kay Hagan

The oil industry is targeting North Carolina voters as part of a campaign to fight efforts in Congress to repeal some of its tax breaks.

The American Petroleum Institute announced a campaign last week to convince voters that higher taxes on the industry could lead to higher gas prices. The campaign calls it "another bad idea from Washington," particularly hitting President Barack Obama and North Carolina U.S. Sen. Kay Hagan, a Democrat.

As part of the campaign, the industry took a full-page advertisement in The Charlotte Observer and a radio advertisement (listen here).

News reports indicate the U.S. Senate is scheduled to vote on the oil tax breaks Monday and it's unclear if Democrats have the votes to repeal the incentives, which are destined for renewable energy tax credits.

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