News & Events

The 'Idle' Oil Field Fallacy

The Wall Street Journal by Red Cavaney

A bill introduced in Congress this week would "compel" oil and natural gas companies to produce from federal lands they are leasing. If only it were that easy to find and produce oil. Imagine, an act of Congress that could do what geology could not.

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Congress will soon consider massive new taxes and fees — which could easily exceed $400 billion — on America's oil and natural gas industry, yet this level could produce devastating effects on our economy, all when America can least afford it.

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