News

  • Energy Tax Facts
  • 26 Aug 21

The Hill: Oil producers push Democrats to preserve key drilling deduction

The U.S. tax code allows companies to recover the cost of drilling for oil and gas and preparing oil wells for production, a provision that helps boost U.S. oil production but has drawn criticism from environmental groups and Democratic lawmakers. Senate Finance Committee Chairman Ron Wyden (D-Ore.), who wields significant influence over tax changes in the reconciliation package, is […]

  • Energy Tax Facts
  • 13 Aug 21

Journal Record: Simmons : Intangible drilling costs deduction in crosshairs

By Brook A. Simmons, President of The Petroleum Alliance of Oklahoma The absurdity of U.S. President Joe Biden’s energy and national security policy becomes clearer by the day. Having committed his presidency to creating artificial U.S. energy scarcity by blocking pipelines, slowing crude oil and natural gas development on federal lands, and tying the U.S. energy […]

  • Energy Tax Facts
  • 12 Aug 21

PennLive: Removing tax provisions for energy hurts American consumers in more ways than one

By Jeff Kupfer, a former acting deputy secretary of energy in the Bush administration and an adjunct professor of policy in Carnegie Mellon University’s Heinz College It’s no secret that President Joe Biden is planning to use every tool at his disposal to wage an aggressive fight against climate change. Starting on his first day […]

  • Energy Tax Facts
  • 9 Aug 21

The Hill: “Tax hikes on energy will hurt the economy and America’s competitiveness”

BY BERNARD L. WEINSTEIN, OPINION CONTRIBUTOR Looking for ways to help pay for his $1 trillion infrastructure plan, President Biden has aimed his sights at the oil and gas industry. Among other proposals, the administration wants to raise the corporate tax rate from 21 percent to 28 percent and replace fossil fuel “subsidies” with clean energy incentives. Proponents estimate […]

  • Energy Tax Facts
  • 1 Aug 21

World Oil: Industry must find ways to survive increasingly authoritarian U.S. government

By David Blackmon, Contributing Editor DEMAGOGUING THE INDUSTRY ON MYTHICAL TAX “SUBSIDIES” Nowhere has the intensification of this war on oil and gas become clearer than in Democrats’ current efforts to raise taxes on the industry. In its “Green Book” related to the administration’s gargantuan omnibus budget bill, the Treasury Department uses this coded language […]

  • Energy Tax Facts
  • 19 Jul 21

The Tribune: Brady urges action on Biden tax proposals

U.S. Congressman Kevin Brady says time is limited to speak up against recent proposals made by the Biden administration. In an early morning roundtable with business leaders in north Houston, Brady spoke of potential effects if proposed tax increases suggested by Pres. Joe Biden pass. In May, the White House released Biden’s FY 2022 budget, […]

  • Energy Tax Facts
  • 14 Jul 21

Charleston Gazette-Mail: Toby Rice: WV is leading carbon emission reductions

By Toby RIce, president and chief executive officer of EQT Corp., the largest natural gas producer in the United States Natural gas is not “big oil.” Unlike foreign and integrated oil and natural gas companies, independent companies like EQT depend on sound energy policies that support our ambitions to leverage technology and innovation to meet […]

  • Energy Tax Facts
  • 16 Jun 21

The Oklahoman: Your turn: President Biden’s energy plan penalizes oil and gas royalty owners

By Richard C. Lerblance, a member of the Pittsburg County Democrat Club. …Royalty payments are paid to thousands of Oklahomans on a monthly basis from oil and gas production. As a matter of fact, the May edition of ROAR, a publication produced by the National Association of Royalty Owners, listed Oklahoma as having 2,537,250 royalty […]