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OGJ Newsletter

03/23/2009
General Interest — Quick TakesNGC: Tax proposals would harm gas industryThe Obama administration’s proposed tax law changes would seriously damage a domestic gas industry, which is hurting already, the Natural Gas Council warned in a Mar. 17 letter to members of Congress.The group, which is comprised of trade associations involved in the US gas industry from wellhead to burner tip, explained that investments in new US gas production come from three funding sources: selling the gas, obtaining credit from lenders, and securing private and institutional investors willing to commit capital to high-risk ventures.“Unfortunately, new US natural gas projects are at risk. Dramatic...
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