COMMENT DEVELOPING PLOWBACK CAPITAL FOR U.S. ENERGY DEVELOPMENT

Frank M. Burke Jr. Executive Consultant Coopers & Lybrand Dallas As Congress considers changes in U.S. national energy policy, it must keep in sight the goal of reversing America's trend toward increased dependence on imported oil. It would not be difficult to create revenue neutral or revenue positive tax provisions that will produce the capital formation necessary to expand U.S. exploration and development. Certainly, the situation calls for far more than one tax provision.