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Fourteen US oil and gas trade associations asked US congressional leaders to resist proposals to increase oil and gas taxes during the 2012 yearend lame duck session as an early step to address the looming federal fiscal crisis. “Through hundreds
Barack H. Obama released his final fiscal 2010 federal budget on May 7. It included $31.5 billion of new oil and gas taxes over nine years which were part of the original request he submitted to Congress in February. Collections would begin
Barack H. Obama released his final fiscal 2010 federal budget on May 7. It included $31.5 billion of new oil and gas taxes over 9 years that were part of the original request he submitted to Congress in February. Collections would begin in
similar ways. "I can't speculate on what Capitol Hill is going to do. We would hope it doesn't pass new oil and gas taxes . We continue to see posts and calls for taxes on the industry, however, and this study was designed to show what the
one of the primary reasons the WPT was ultimately repealed in 1988,” the Institute’s new study said. New oil and gas taxes and fees also would make the United States less attractive for energy investments compared to projects outside the country
Oil and gas industry association officials blasted a proposal sent by several congressional Democrats to the deficit reduction super committee on Nov. 2 to raise revenue by eliminating key provisions benefiting the industry.
Oil and gas industry association officials blasted a proposal sent by several congressional Democrats to the deficit reduction super committee on Nov. 2 to raise revenue by eliminating key provisions benefiting the industry.
Representatives from the California Independent Petroleum Association (CIPA) met with congressional members and federal officials in Washington, DC, last week to warn against what CIPA calls “the dire effects of higher taxes on domestic production.”
Barack H. Obama released his final fiscal 2010 federal budget on May 7. It included $31.5 billion of new oil and gas taxes over 9 years that were part of the original request he submitted to Congress in February. Collections would begin in
UK Chancellor Gordon Brown announced a tax increase for oil companies in a move that energy experts predicted could discourage North Sea investment.