The same old budget

Once again, the administration of President Barack Obama proposes to defund oil and gas in an energy program stout with ambition and lean in practicability. Coming as part of a fiscal 2014 budget proposal that envisions a deficit of $744 billion, the energy measures, largely recycled from past budgets, should make Americans ask, "Can we afford this?" The numbers aren't promising. The administration wants to spend $7.9 billion in 2014 on uneconomic energy while raising taxes oil and gas by more than $4 billion. That alone looks negative by $4 billion or so—in the cozy mists of federal budgeting. The real-world effects are worse. Drilling for oil and gas is one of the few activiti...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected