Watching Government: Petroleum stimulus

03/25/2002
President George W. Bush signed an economic stimulus package earlier this month designed to jump-start business investment that also gives the oil industry some targeted tax relief.The new law extends the suspension of the net income tax limitation on percentage depletion for marginal wells through 2003, according to the Independent Petroleum Association of America. The provision expired December 2001. Under pending comprehensive energy legislation, the provision to extend the suspension is also included but for longer periods. The energy bill also may include other domestic production incentives, but the ultimate fate of that legislation is still unknown, with consensus remaining elusive...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected