• Energy Tax Facts
  • 27 Sep 21

Daily Advertiser: Letter: $3.5 trillion budget bill would harm oil and gas industry

By Gifford Briggs, Gulf Coast Region Director, American Petroleum Institute

The U.S. Congress is currently considering a $3.5 trillion budget bill that includes punitive tax and policy measures that will harm American workers and consumers and increase our dependence on foreign energy.

A proposed natural gas tax and provisions disincentivizing federal oil and gas development would not only weaken our economy and jeopardize American national security, but it could also harm the environment by increasing our reliance on coal and foreign energy produced with lower environmental standards. Congress should immediately correct this ill-conceived plan.

As the Louisiana economy recovers, energy demand will continue to rise. Without access to domestic energy sources, America will be forced to import more oil and natural gas produced by other countries to fill the gap, because reducing production does not lower demand for resources…