Skip to main content

Energy Tomorrow Blog

Making the Most of the U.S. Energy Revolution

energy policies  exxonmobil  trade  energy exports  fracking  taxes  tax revenue 

Mark Green

Mark Green
Posted March 13, 2015

UPI – U.S. policymakers are called on to adopt the energy policies necessary to take advantage of the new era of abundance, the chairman of Exxon Mobil said.

Some energy companies with a focus on exploration and production are advocating for a repeal of a ban on the export of some domestically-produced crude oil. The ban was enacted in the 1970s in response to an export embargo from Arab members of the Organization of Petroleum Exporting Countries.

Exxon Chief Executive Officer Rex Tillerson led the drive, telling an audience at The Economic Club in Washington D.C. current policies are out of step with the energy landscape in the shale era.

"It is time to build policies that reflect our newfound abundance, that view the future with optimism, that recognize the power of free markets to drive innovation, and that proceed with the conviction that free trade brings prosperity and progress," he said in a Thursday address.

More »

The Gift of Petroleum

american energy  jobs  Economy  Environment  hydraulic fracturing  taxes  tax revenue 

Mary Leshper

Mary Schaper
Posted December 23, 2013

State Already Taxes Oil in many Ways

San Francisco Chronicle (Catherine Reheis-Boyd): Tom Steyer, the San Francisco billionaire environmentalist, has launched a campaign to increase taxes on energy production in California. He thinks oil companies are allowed to "siphon California resources without providing any meaningful return to Californians."

Beginning an education campaign on inaccurate claims doesn't bode well for the quality of the educational experience.

To claim Californians receive no meaningful return for the oil we produce is puzzling. Oil companies in California generate $6 billion in tax revenues for state and local governments, according to an analysis by Purvin & Gertz in 2011. While it's true California does not have an oil severance tax per se, California taxes oil companies and oil production in a variety of other ways.

Read more: http://bit.ly/1kzQ4aP

More »

Americans Clear on Higher Energy Taxes

access  taxes and revenue  production  job creation 

Mark Green

Mark Green
Posted October 29, 2013

Here’s what Americans are thinking about tax reform discussions that potentially could include hiking taxes on U.S. oil and natural gas companies, according to a new Harris Interactive poll

More »

Congressional Democrats Concede Oil Companies Don’t Get Subsidies

taxes and revenue  lifo  fairness  cost recovery 

Mark Green

Mark Green
Posted February 6, 2013

Yesterday, President Obama called on Congress to pass a “balanced mix of spending cuts and more tax reform” to avoid the sequester spending cuts scheduled to take effect March 1.  White House Press Secretary Jay Carney then followed up with, “That means closing loopholes that give tax advantages to the wealthy and to corporations that average Americans and average businesses don't have…So there's the subsidies to oil and gas companies.”

More »

Oil, Natural Gas and Taxes - The Choice Revisited

taxes and revenue  energy  economy and energy  access 

Mark Green

Mark Green
Posted February 5, 2013

Energy is essential to running our economy and securing our standard of living.  At a very basic level we can get the energy we need in one of three ways: 1. We can produce it domestically; 2. U.S. companies can produce it abroad for sale in the U.S.; 3. Foreign companies can produce it abroad for sale in the U.S. Two of these three ways offer a clear advantage in creating American jobs, boosting the American economy and supplying revenue to American governments.

More »

Study: Oil and Natural Gas as Economic Dynamo

taxes and revenue  energy  drilling  access 

Mark Green

Mark Green
Posted February 5, 2013

An important new analysis supports what the oil and natural gas industry has been saying for some time: Drilling on public lands now closed to development could boost U.S. employment, economic growth and revenue to federal, state and local governments over both short- and long-term horizons.

More »

Oil and Natural Gas Industry Earnings in Perspective

alternative energy  domestic energy  earnings  energy  energy policy  energy taxes  government revenue  renewable energy  renewables 

Rayola Dougher

Rayola Dougher
Posted January 31, 2011

Over the next couple of weeks, oil and natural gas companies will be releasing their fourth quarter and 2010 year-end performance reports.

More »

New Study: Oil and Natural Gas Industry Vital to the Economy

access  domestic energy  energy  energy policy  energy taxes  pricewaterhousecoopers  revenue  taxes 

Jane Van Ryan

Jane Van Ryan
Posted September 9, 2009

A new PricewaterhouseCoopers (PwC) study released today found that the U.S. oil and natural gas industry supports more than 9 million American jobs and makes significant economic contributions as an employer and purchaser of American goods and services. 

More »