Watching Government: Who needs incentives?

Officials from the five largest publicly traded major oil companies may have told US senators in a Nov. 9 hearing that their firms don’t need incentives in the recently enacted energy law. But they weren’t speaking for independent producers, representatives of two leading associations quickly pointed out.“It’s an issue we’ve always faced. I’m not trying to suggest the majors aren’t reinvesting in the United States. They are,” said Lee Fuller, vice-president of government relations at the Independent Petroleum Association of America. “But most of their exploration and production is outside the United States. Their investments also are m...

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