Tag: taxes

  • Energy Tax Facts
  • 16 Jul 13

Des Moines Register (Op-Ed): Raising taxes on oil and gas hurts American energy security

The budget battles in Iowa and Washington, D.C., have again ignited the debate over national priorities. In a world of infinite wants and finite resources, our elected officials are forced to choose the best way to raise and allocate resources. Putting aside the superficial partisan squabbling, the process does illuminate what our elected officials truly […]

  • Energy Tax Facts
  • 11 Jul 13

Politico Pro (sub req’d): API study finds repealing IDC deduction would cost 233,000 job losses and hurt the US economy

The Obama administration’s plan to alter tax deductions for some drilling costs would lead to the loss of 3.8 million barrels of oil equivalent per day from U.S. oil and gas fields, according to the American Petroleum Institute. A new study conducted for API by Wood Mackenzie concluded that President Barack Obama’s effort to eliminate […]

  • Energy Tax Facts
  • 1 Jul 13

Forbes: The President’s Climate Speech and the Role of Natural Gas

Actor and anti-Fracking hysteria-monger Mark Ruffalo went a bit over the edge on Tuesday (as is his habit), lashing out at President Obama for failing to ban hydraulic fracturing in his speech on “climate change”.  Ruffalo was quoted by Politico as follows: “Obama deserves praise for prioritizing climate change, but if he’s serious he needs to […]

  • Energy Tax Facts
  • 1 Jul 13

Penn Energy: Energy sector reacts to Obama climate change plan

Making climate change the centerpiece of his second-term energy policy, President Barack Obama unveiled a package of about a dozen policies his White House said will change the way American makes and consumes energy. In the absence of Congressional action, the president’s energy policy push relies heavily on the Environmental Protection Agency’s ability to regulate carbon dioxide […]

  • Energy Tax Facts
  • 27 Jun 13

Politico: President’s plan relies on natural gas, but tries to boost taxes on it too

President Barack Obama’s call to grow natural gas markets drew a lukewarm reception from the gas industry, which criticized his call to cut fossil fuel tax incentives and remained wary of threats to regulate the sector more tightly. Obama gave the natural gas industry a full-throated endorsement during his Tuesday climate speech, calling it “the […]

  • Energy Tax Facts
  • 16 Jun 13

Rep. Tom Reed: American Energy Pushing the Economy Forward

The American oil and natural gas industry is one of the few sectors that is pushing the economy forward and investing here at home – including my backyard in New York’s Southern Tier – in an otherwise slow recovery environment. These producers have generated billions of dollars in state, local and federal revenues while creating […]