The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

natural-gas  oil-taxes  fairness  energy-101  industry  taxes 

Mark Green

Mark Green
Posted May 28, 2013

Neat interactive infographic in this weekend’s New York Times Sunday Review, plotting the corporate income tax rates paid by various U.S. companies from 2007-2012 (according S&P Capital IQ):

NYT Taxes

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access  fairness  energy-taxes  lifo  section-199 

Stephen Comstock

Stephen Comstock
Posted April 11, 2013

Let’s dig into the details of the more than $90 billion (over 10 years) in new and targeted tax increases on America’s oil and natural gas companies that President Obama included in his FY2014 budget. Note: The tax provisions below are in no way “taxpayer subsidies” and are not unique to our industry. They constitute standard business deductions (some available to all other industries) and mechanisms of cost recovery – a fundamental and necessary component to a national income tax system. Here we go:

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energy  investment  tax34  fairness 

Mark Green

Mark Green
Posted April 10, 2013

American Energy has been a positive story these past few years, thanks in large part to big innovations, and big investments made by America's oil and natural gas companies.  Thanks to America’s energy revolution, domestic oil production is higher than at any time in the last 20 years,  and net imports are at a 20-year low.  Meanwhile, natural gas production is at an all-time high, increasing our energy security and lowering emissions.  All while the industry is leading the way in job creation during what have been some rough economic times.

The industry is proud to be investing in America’s future, which is why we are puzzled today that the new budget from the White House, again, calls for increased energy taxes that could set back some of the progress we have made.

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taxes-and-revenue  lifo  fairness  cost-recovery 

Mark Green

Mark Green
Posted February 6, 2013

Yesterday, President Obama called on Congress to pass a “balanced mix of spending cuts and more tax reform” to avoid the sequester spending cuts scheduled to take effect March 1.  White House Press Secretary Jay Carney then followed up with, “That means closing loopholes that give tax advantages to the wealthy and to corporations that average Americans and average businesses don't have…So there's the subsidies to oil and gas companies.”

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