The energy industry is adding to the U.S. economic recovery with the International Energy Agency predicting that we will be the largest producer of crude oil by 2020. The unemployment rate in North Dakota is 3.1 percent and 3.9 percent in South Dakota due to the expanding oil industry. Yet the Obama administration continues to […]
As a senator, candidate and now president, Barack Obama has regularly assailed oil companies. His mantra for action has been hit them with higher taxes and punish them with regulations. You know the words to his song: “We have subsidized oil companies for a century. That’s long enough.” “Tax giveaways aren’t right . . . and we […]
Texas is the largest oil and gas employer in the nation, and the city of Houston continues to be one of the most important energy centers in the world. There are almost 400,000 oil and gas workers in Texas, and last year alone that number increased by nearly 35,000. Houston is booming, and the economic […]
The …upcoming debate over energy taxes and energy policy tells us a great deal about Houston’s economic future. Texas is the largest oil and gas employer in the nation, and the city of Houston continues to be one of the most important energy centers in the world. There are almost 400,000 oil and gas workers […]
The budget battles in Iowa and Washington, D.C., have again ignited the debate over national priorities. In a world of infinite wants and finite resources, our elected officials are forced to choose the best way to raise and allocate resources. Putting aside the superficial partisan squabbling, the process does illuminate what our elected officials truly […]
Delaying the oil and gas industry’s ability to quickly recover intangible drilling costs (IDC) would lead to significant losses in oil and gas production and jobs, and negatively affect the economics of many key oil and gas plays, according to a recent report commissioned by the American Petroleum Institute (API).
The Obama administration’s plan to alter tax deductions for some drilling costs would lead to the loss of 3.8 million barrels of oil equivalent per day from U.S. oil and gas fields, according to the American Petroleum Institute. A new study conducted for API by Wood Mackenzie concluded that President Barack Obama’s effort to eliminate […]
Some of the U.S. utilities that burn coal to generate electricity reacted with caution Tuesday to an Obama administration proposal to limit carbon-dioxide emissions, amid concern that the rules might target coal plants for emissions cuts, while letting other sources of emissions, such as petroleum fuels, off the hook. “The devil is in the details; the rules […]
1201 15th street NW, Suite 300
Washington DC 20005
P: (202) 857-4722
F: (202) 857-4799
Copyright 2024 by
the Independent Petroleum Association of America
