OGJ Newsletter

General Interest — Quick TakesAPI slates ads against bill to end tax breaksThe American Petroleum Institute will begin running new 15-sec and 30-sec television commercials this month explaining why new oil and gas taxes are a bad idea since the industry supports 9.2 million jobs in the US and represents 7.5% of the country's gross domestic product."While the focus of our industry is on helping BP stop the [Gulf of Mexico] spill and clean up the crude oil, we cannot ignore the fact that imposing significant new taxes on the oil and gas industry will have severe economic consequences and job impacts," API Pres. Jack N. Gerard said July 3 as he announced the campaign.The ads ...

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