A budget stalemate may have slowed government activity, but the oil and gas industry still should carefully watch several initiatives that could dramatically impact activity. Opening the annual Executive Oil Conference at the Horseshoe Tuesday, Ryan Ullman, director of government relations and political affairs at the Independent Petroleum Association of America, listed three areas for […]
As record U.S. energy production continues to make headlines across the globe, a new report from IHS CERA finds the economic impact of shale development alone is reaching far beyond the well pad – again highlighting why the intangible drilling cost (IDC) deduction is pivotal to the American economy. According to the report, development of […]
As national budget discussions escalate, we can expect to be given more insight into Congress’ framework for business tax reform. The American oil and natural gas industry commonly becomes a target in these discussions. However, rarely is any focus given to the positive benefits of existing tax laws. Three specific areas[…]
Under the presidency of Barack Obama, the energy policies of our nation are shaped largely by environmental groups who want to end the use of fossil fuels that power our economy and account for more than 15 million jobs. The administration’s aims have been painfully evident from the beginning. Its first step was to ban […]
The current conflict in the Middle East only underscores the need for increased domestic energy production. Unrest in oil producing regions around the world will always cause fluctuations in the price of oil. Markets will always react to uncertainty, whatever the source. At its core, U.S. energy independence is about freedom. When the U.S. is […]
By Amos Snead Efforts are underway to reform the U.S. tax code, and the oil and natural gas industry is facing the unknown in many different ways. There may be changes to how this critical industry is taxed at state and federal levels, even as it stands on the threshold of substantial growth. As America […]
For more than a year, we’ve heard President Barack Obama proclaim that he supports an “all-of-the-above” energy strategy for America, including increased oil and gas production. But his actions suggest otherwise. At present, all of the Atlantic and Pacific seaboards, along with the vast majority of federally owned lands, remain off-limits to new exploration and […]
Oil and natural gas producers opposing efforts to change tax treatments enjoyed by the industry are directing legislators’ attention to a new study on what repealing the Intangible Drilling Costs deduction would cost. The study, commissioned by the American Petroleum Institute, said eliminating that one tax deduction would cost the country 190,000 jobs and reduce […]
1201 15th street NW, Suite 450
Washington DC 20005
P: (202) 857-4722
F: (202) 857-4799
Copyright 2024 by
the Independent Petroleum Association of America
