The development of America’s abundant oil and natural gas reserves has generated billions of dollars in local, state, and federal revenues while creating tens of thousands of jobs and bolstering America’s national and economic security. Unfortunately, just as these benefits are beginning to be realized, the President’s budget threatens to paralyze the American businesses fueling […]
Lawmakers have introduced legislation that would allow renewable energy producers to form Master Limited Partnerships (MLPs). MLPs are taxed as limited partnerships but publicly traded on the stock market. In the energy sector, the ability to form MLPs is available for mineral extraction, natural gas, oil, pipelines, geothermal, and the transportation and storage of ethanol, […]
Sen. Debbie Stabenow and Rep. Mike Pompeo clashed Wednesday over the future of a key wind energy tax credit, underscoring the many hurdles lawmakers face in their push to reform the tax code Pompeo, a conservative Kansas Republican, criticized a deal to avert the fiscal cliff that extended the production tax credit for wind by […]
We don’t like last month’s anemic job creation numbers any more than the Obama administration and the millions of Americans still out of work do. At this rate, full economic recovery is somewhere over an ever-receding horizon. And we really don’t enjoy the idea of a permanent “new normal” of higher unemployment that the numbers […]
As Congress begins its annual budget process, oil and natural-gas production continues to increase across the United States, giving us a chance to reinvigorate our economy while finally reversing our dependency on sources of energy from unstable regions of the world. Unfortunately, the president’s 2014 budget proposes to reverse this progress by eliminating critical energy […]
The facts are in — the President’s proposed budget is taking aim at the wrong industry. America’s oil and natural gas producers are providing jobs while safely developing secure, energy here at home. The result is fueling an otherwise anemic economy, providing affordable fuel for manufacturers, and decreasing our reliance on foreign, often unstable, energy […]
On Friday, the Independent Petroleum Association of America (IPAA) submitted comments to Congressmen Kevin Brady (R-TX) and Mike Thompson (D-CA), members of the House Ways & Means Energy Tax Reform Working Group, noting the important role of the tax code in affecting the future exploration and production of America’s oil and natural gas resources. From […]
The Obama administration’s plan to repeal a deduction for intangible drilling costs (IDCs) is inconsistent with President Obama’s plan to make greater use of our nation’s clean, abundant natural gas resource, America’s Natural Gas Alliance said in a letter today to acting director of the Office of Management and Budget Jeffrey Zients. The letter, signed […]
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