This week, the International Energy Association (IEA) released a report stating that North American energy development is redefining our global energy outlook, and “reaching all recesses of the global oil market.” More American energy is displacing OPEC supplies and enhancing national energy security while boosting the economy and altering the geopolitics of global oil supply […]
Rick Plaeger of EOG Resources notes that eliminating IDCs will directly impact the number of wells EOG drills and the amount of American energy EOG produces
President Obama says special tax breaks for the oil and gas industry must end. The demand always prompts puzzled gazes among tax and energy-industry experts, who ask: What tax breaks? Thanks in part to a bill sponsored by Rep. Chris Van Hollen, a Democrat from Maryland and ranking member on the House Budget Committee, it’s […]
Jennifer Stewart of Southwestern Energy discusses how the removal of IDCs would have a $1.3 billion negative impact on Arkansas’ economy.
Gigi Lazenby, CEO of Bretagne, LLC, discusses the importance of IDCs to independent producers — companies with an average of just 12 employees.
By: Deborah Byers and Greg Matlock, Ernst & Young LLP On April 10, 2013, the Obama administration (Administration) released the Fiscal Year 2014 Budget of the US Government (Budget). The Budget acclaims various initiatives toward its enunciated goals of building a clean energy economy and improving energy security. To that end, the Budget echoes the […]
The architects of Congress’ looming tax policy reform have a lot of choices when it comes to energy tax breaks and federal subsidies, the US House of Representatives’ Ways and Means Committee said Monday. “The broad proposals include suggestions to eliminate all energy tax expenditures and adopt the Fair Tax or finance tax reform by […]
Sid Jansma, a second generation oil and natural gas producer, explains how IDCs are no different than the costs experienced and deducted by a wide array of American businesses.
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