Watching Government: The wrong signal

Suspending US state and federal excise taxes so that consumers can fill their gasoline tanks more cheaply is a very bad idea.Lawrence Goldstein, president of the Petroleum Industry Research Foundation Inc., New York, said that, although tax holidays are well-intentioned, they would provide neither significant retail price relief nor product supply relief.In Congress, four senators filed a bill to suspend the 18.4¢/gal federal gasoline tax for 150 days. The principal sponsor, Kay Bailey Hutchison (R-Tex.), said the $1.5-1.8 billion/month lost by the Highway Trust Fund would be "made whole" from the federal budget surplus (see related story, p. 22).Last week, Illinois suspended its 5% ...

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