News

Washington, November 29, 2010 – By a decisive margin, Americans oppose raising taxes on America’s oil and natural gas industry, and most believe it could kill jobs, according to an election-night telephone survey commissioned by API and conducted by Harris Interactive.  Sixty percent of the voters surveyed oppose an increase in taxes on the industry (compared with 30 percent in support); 54 percent say an increase could destroy jobs. 

WASHINGTON, September 14, 2010 – The American Petroleum Institute is pleased the Senate failed to approve Senator Bill Nelson’s amendment, which sought to rescind a job-creating tax provision (Section 199) for a handful of oil and natural gas companies, according to API Tax Manager Stephen Comstock:

Washington, September 14, 2010 – Americans overwhelmingly oppose raising taxes on America’s oil and natural gas industry, and most believe it could kill jobs, according to a survey commissioned by API and conducted by Harris Interactive this month by telephone.  Among those responding to the survey, 62 percent opposed an increase in taxes on the industry, and 60 percent said it could destroy jobs.

WASHINGTON, August 16, 2010 — Raising taxes on the U.S. oil and natural gas industry could significantly reduce domestic oil and gas production next year and cut it by as much as 10 percent in 2017, a new API-sponsored study by Wood Mackenzie concludes.

WASHINGTON, August 6, 2010 – A new proposal from members of the Senate Finance Committee to rescind job-creating tax provisions for a handful of oil and natural gas companies would be counterproductive, according to API Tax Manager Stephen Comstock:

Washington, July 21 – Voters in 10 key states oppose higher taxes on America’s oil and natural gas industry by a 2-to-1 margin, according to a new poll released today.  Both the administration and some members of Congress have recently proposed billions of dollars in new taxes on the industry.

WASHINGTON, D.C., July 2 – With Congress expected to consider energy legislation this summer, some are suggesting that any new programs be paid for with new taxes on the oil and natural gas industry.  As the nation struggles to recover from recession, further taxes on an industry that supports 9.2 million jobs and 7.5 percent of our GDP could have a devastating effect on our jobs, economic recovery and our energy security, according to the leading oil and natural gas trade association.