Energy Tomorrow Blog
Good Business – The Benefits of American Energy
oil and natural gas development economic benefits eia taxes on oil companies
Mark Green
Posted June 23, 2014
It’s hard to overstate the revolution that’s under way in American Energy. In just a few years we’ve gone from a scenario of energy scarcity to energy abundance – thanks in large part to the innovations and investments of America’s oil and natural gas industry. As the White House noted in its May report, “The All-Of-The-Above Energy Strategy as a Path to Sustainable Economic Growth,” dramatic increases in domestic oil and natural gas production have brought jobs, energy security and economic growth. ...
“All-Of-The-Above” is not just a strategy, or a simple catch-phrase. It represents our reality. Analysis by EIA as well as international and private analyses show that oil and natural gas provide the bulk of the energy we use today (62 percent) and will continue to provide the majority of the energy we use for many years to come (60 percent in 2040).
Tax Hike Plan Could Dim One of Economy's Bright Lights
intangible drilling costs lifo taxes on oil companies government revenues
Mark Green
Posted December 17, 2013
Last month we made some points on a Senate proposal that would impact America’s oil and natural gas industry with higher taxes and costs. Research has shown that delaying industry’s ability to write off intangible drilling costs likely would mean fewer wells drilled, lost jobs and lower energy production. Doing away with the “last-in, last-out” (LIFO) accounting method used by a number of energy companies would require them to redirect cash or sell assets to cover tax payments.
Now API has been joined by more than a dozen other organizations – representing energy producers, refiners, supporting servicers, equipment manufacturers, marketers and retailers – in challenging proposals that could hinder an industry that already sends $85 million a day to the U.S. Treasury.
In a letter to members of Congress the groups say that while efforts to make the tax code less complicated and more competitive are good, raising energy taxes and increasing costs will work against greater industry investment and activity that would provide broad benefit to the U.S. economy.
Penalizing the Oil Industry Hurts Jobs, Economy
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Mark Green
Posted July 28, 2010
Where's the Oil Spill?
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Jane Van Ryan
Posted July 28, 2010
What If...
deepwater drilling deepwater drilling moratorium deepwater horizon domestic energy energy policy offshore drilling oil spill oil spill legislation oil spill liability oil spill liability oil spill liability cap oil spill liability cap taxes on oil companies deepwater drilling proposals
Jane Van Ryan
Posted July 27, 2010
Don't Penalize the Oil and Natural Gas Industry
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Mark Green
Posted July 26, 2010
Poll: Voters Reject New Taxes on Oil, Natural Gas
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Jane Van Ryan
Posted July 21, 2010
Companies Respond to Oil Spill
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Jane Van Ryan
Posted May 19, 2010
Earnings: A Mixed Bag
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Jane Van Ryan
Posted November 6, 2009