This week, President Obama released the administration’s budget proposal for Fiscal Year 2016. As in year’s past, the proposed budget takes aim at the critical tax-provisions that support America’s independent oil and natural gas producers, companies with an average of just 12 employees who drill 95 percent of the nation’s oil and natural gas wells. […]
Washington, D.C. – The tax reform discussion draft released recently by House Ways and Means Committee Chairman Dave Camp (R-MI) would repeal the percentage depletion deduction. A broad group of resources industries trade associations, listed below, urges Congress to reject this unwarranted proposal that would significantly harm the competitiveness of American resources producers. U.S. mineral, […]
The current conflict in the Middle East only underscores the need for increased domestic energy production. Unrest in oil producing regions around the world will always cause fluctuations in the price of oil. Markets will always react to uncertainty, whatever the source At its core, U.S. energy independence is[…]
For more than a year, we’ve heard President Barack Obama proclaim that he supports an “all-of-the-above” energy strategy for America, including increased oil and gas production. But his actions suggest otherwise. At present, all of the Atlantic and Pacific seaboards, along with the vast majority of federally owned lands, remain off-limits to new exploration and […]
This week, the President laid out his Climate Action Plan – a national strategy with the goal of mitigating climate change and preparing for its potential impacts. Of note was the President’s rhetorical support for natural gas as a key fuel for both reducing America’s carbon emissions while shoring up our national security. As the […]
The United States will supplant Saudi Arabia and Russia as the world’s largest energy producer by 2017, according to the International Energy Agency (IEA). This tectonic shift in the energy power structure could have sweeping geopolitical and economic ramifications. While you may think that the U.S. oil boom makes all energy stocks attractive, our income […]
The shale revolution has been, and continues to be, led by America’s independent producers. And now, even the OPEC cartel is being forced to pay attention. Since George Mitchell combined hydraulic fracturing and horizontal drilling in the Barnett Shale of Texas, the production from shale basins all across America has skyrocketed. As the Houston Chronicle […]
This week, the International Energy Association (IEA) released a report stating that North American energy development is redefining our global energy outlook, and “reaching all recesses of the global oil market.” More American energy is displacing OPEC supplies and enhancing national energy security while boosting the economy and altering the geopolitics of global oil supply […]
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