Posted January 30, 2012
In the video below API tax policy advisor Brian Johnson explains why rhetoric about oil and natural gas companies benefiting from taxpayer subsidies is just that, rhetoric.
Creating much of the confusion is the way terms like “subsidies” and “deductions” get used interchangeably. Does the oil and natural gas industry benefit from taxpayer subsidies? “Nothing could be further from the truth,” Johnson says. Take a look:
Posted January 19, 2012
As befitting a day when, for the president, political interest trumped the national interest, he opened his 2012 campaign advertising with a commercial touting – wait for it – his energy accomplishments. And they say irony is dead. The commercial links to a webpage trumpeting the president “Boosting Domestic Energy Production.”
While it is great that the president recognizes Americans’ overwhelming support for increased domestic oil and natural gas production, any gains made in the past few years have happened not because of the president’s policies, but in spite of them. Consider this: The area of energy production the president has the most control over is drilling on federal lands. In a study we released yesterday, this is what boosting domestic energy production looks like in the Western states:
Posted January 13, 2012
Policies have consequences – in the graphic below from API’s 2012 State of American Energy report, the consequences of the 2010 Gulf deepwater drilling moratorium are manifest: more than $21 billion in investment dollars lost and the departure of drilling equipment to other, more hospitable, venues.
Posted June 23, 2009