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Observers question strategy of raising taxes on oil, gas

10/05/2009
By Nick Snow
A strategy that diverts federal tax incentives from domestic oil and gas to renewable and alternative energy would quickly increase oil and gas imports, industry observers warned on Sept. 28."We need to probe what it actual means to overinvest in oil and gas," said Lucian (Lou) Pugliaresi, president of Energy Policy Research Foundation Inc. (EPRINC) in reference to recent statements by US President Barack Obama and other administration officials."But if you reduce what you invest domestically in oil and gas, you increase imports. There's no way to get around it," Pugliaresi told congressional staff members at a Capitol Hill briefing that EPRINC cosponsored with the Uni...
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