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SPECIAL REPORT: AEPC sees reversals of ’05 gains in new energy bills

10/15/2007
US independent oil and gas producers and their industry associations are fighting a political storm as energy bills that would hamper their work head toward a House-Senate conference.HR 3221, passed by the House this summer, for example, would slow US gas production, points out Bill Whitsitt, president of the American Exploration & Production Council (AEPC).The effects on supply and, therefore, consumer prices were highlighted in an Aug. 1 memorandum that AEPC sent to House members.The AEPC memo said provisions in the bill by the House Natural Resources Committee to extend project permitting times and increase producers’ taxes, fees, and other costs would “reverse a range ...
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