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OGJ Newsletter

11/19/2007
General Interest - Quick TakesUS independents urge Congress to changeAs oil prices approach $100/bbl, eight associations representing US independent oil and gas producers asked Congress to consider the consequences of passing legislation that would reduce domestic supplies further and increase prices even more.“Increasing taxes on the industry by $16 billion to pay for renewable fuels, restricting development of federal lands (onshore and offshore), and implementing new and unnecessary environmental restrictions doesn’t produce additional American oil or natural gas. As a matter of fact, these policies would be counterproductive and increase prices to consumers,” the ass...
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