API launches oil tax ad campaign as budget reform discussions grow

The American Petroleum Institute plans to launch a television and online video advertising campaign to remind members of Congress that passing punitive oil and gas taxes to reduce the federal deficit would be short-sighted and counterproductive in the long run.

The ads will be concentrated in the Washington, DC, area where lawmakers and their staffs are at work, but could be expanded to a broader audience if necessary, API Executive Vice-Pres. Marty Durbin told reporters in a Mar. 13 teleconference.

“If increased revenue is truly the objective, then allow the oil and natural gas industry to continue to do what it has always done—invest in America’s economy by providing good-paying jobs here at home that develop the energy America needs,” Durbin said.

“That’s what the American people support, and in the long term the result would be far better for the American economy, for consumers, for our energy security, and for the nation’s long-term economic growth,” Durbin maintained.

Conceding that the only punitive measure introduced so far in 2013 came from US Sen. Robert Menendez (D-NJ) on Feb. 13 with 16 other Democrats as cosponsors, the API official said he was generally encouraged by the direction congressional tax reform discussions are moving under the direction of Senate Finance Committee Chairman Max Baucus (D-Mont.) and House Ways and Means Committee Chairman David L. Camp (R-Mich.).

“It’s easy to go after the oil and gas industry and talk about issues in a polarized way,” Durbin observed. “But our very public campaign of talking directly to voters has helped immensely to educate voters and policymakers that yes, we’re a big industry, and yes, we make big profits, but we also make big US economic contributions. Without making a prediction on how far things will go this year, I think we’re making progress.”

Contact Nick Snow at nicks@pennwell.com.

Related Articles

Market watch: Energy futures prices rose slightly Friday

05/06/2002 Crude oil futures prices rose slightly Friday amid lingering uncertainty about a possible disruption of Middle East supplies, although tensions in ...

Gulf of Mexico oil service sector showing signs of an upturn

05/06/2002 The Gulf of Mexico oil service sector is experiencing the signs of an upturn, analysts with Simmons & Co. International, UBS Warburg LLC, and RBC D...

OTC: Industry, national agencies need to work together to make FPSOs work in the gulf

05/06/2002 Over the coming years, the oil and gas industry will have to keep an open line of communication with national agencies such as the US Coast Guard a...

Market watch: Energy futures prices fall as Iraq lifts embargo

05/07/2002 Crude oil futures prices fell Monday after Iraq announced plans to lift a self-imposed export embargo with exports expected to resume by Wednesday.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected