The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

exports  fracking  lng34  natural-gas  taxes 

Mary Leshper

Mary Schaper
Posted April 25, 2013

Fuel Fix BlogReport: Petrochemical Plants See Big Benefits from Low-Cost Natural Gas

Low-cost shale natural gas has made North America – specifically the United States – a more competitive region for petrochemical producers. The sector has plans to add $120 billion in investments through 2030, according to an IHS analysis. 

AEI Ideas Carpe Diem BlogSpectacular Rise in America’s Oil Output

The U.S. last week reached a 21-year  high for domestic oil production, more than 7.3 million barrels of oil per day, something that is “nothing short of phenomenal,” writes blogger Mark J. Perry. The last time U.S. output exceeded the 7.3 million bpd mark was in 1992.

Read More

hydraulic-fracturing  fracking  keystone-xl-pipeline  natural-gas  revenue  taxes 

Mary Leshper

Mary Schaper
Posted April 15, 2013

The Hill Energy Taxes Are No Budget Solution

Steve Forbes writes on The Hill’s Congress Blog that higher taxes on the oil and natural gas industry would cost jobs, lower energy production and actually reduce revenue to government over time. He cites a study showing that “a new tax on the industry would sacrifice 170,000 direct and indirect energy jobs by 2014.”

Houston ChronicleIt’s Wrong to Penalize the Oil and Natural Gas Industry

“Singling out our oil and natural gas industry for taxation penalizes producers,” writes the newspaper. “Bad guys? You mean the folks who employ our neighbors in good-paying jobs, contribute mightily to our tax base, civic life and sports and cultural/arts scenes? We don't think so.”

Read More

cost-recovery  energy  growth  taxes 

Mark Green

Mark Green
Posted April 12, 2013

There is an old legal saying: “If you have the law, hammer the law. If you have the facts, hammer the facts. If you have neither the law nor the facts, hammer the table.” This came to mind the other day while reading the Center for American Progress’ (CAP) response to the latest White House proposal to raise taxes on oil and natural gas companies.

**Spoiler Alert **

They like the idea – but CAP's post is a lot of table hammering, and the table is the oil and natural gas industry.  Let’s de- demagogue this with a look at the facts.

Read More

budget  exports  new-york  hydraulic-fracturing  natural-gas  taxes  oil34  energy-101 

Mary Leshper

Mary Schaper
Posted April 11, 2013

New York Post Gov. Cuomo’s Ugly Message to  Businesses

Gov. Andrew Cuomo likes to declare that New York is “open for business,” but his prolonged refusal to OK hydraulic fracturing sends the opposite message,  John Krohn writes in a guest op-ed.

Rockland County TimesExports Grow Our Economy, Lift Ban on Natural Gas

In an op-ed, Margo Thorning writes that “the United States should capitalize on the comparative advantage it has over other countries with natural gas. In fact, respected economic consulting firm NERA recently analyzed LNG exports for the Energy Department and found that across every market scenario, increased exports would benefit the U.S. economy.”

Read More

taxes 

Mark Green

Mark Green
Posted April 8, 2013

America’s oil and natural gas industry supports 9.2 million jobs and 7.7 percent of the U.S. economy. Since 2000, it has invested more than $2 trillion in U.S. capital projects, stimulating our economy – a repeatable, sustainable stimulus that doesn’t depend on an act of Congress.

In that context, check out our new television ad that focuses on energy job creation, economic growth and the way tax increases on the oil and natural gas industry could hinder both:

Read More

hydraulic-fracturing  manufacturing  natural-gas  regulations  taxes  oil34 

Mary Leshper

Mary Schaper
Posted April 4, 2013

Forbes The Top Five Facts Everyone Should Know About Oil and Natural Gas Exploration

Ryan Carlyle, a subsea hydraulics engineer, writes that oil accounts for one-third of humanity’s energy supply, is unrivaled in power generation and is fundamental to lifting billions of people out of poverty. Fun fact: If solar power generation doubled every decade for 100 years, it would still be pretty far behind oil today.

Wall Street JournalBeware Tax Reform That Raises Taxes on Capital

Of the ongoing congressional debate over tax reform, Margo Thorning writes  that “Investment, growth and job creation should be the cornerstones of any tax-reform effort.”

Read More

access  investment  poll  taxes 

Mark Green

Mark Green
Posted March 21, 2013

A new Harris Interactive national survey of registered voters finds that big majorities think higher taxes on the industry – as have been proposed by the administration and some in Congress – would be harmful to consumers and the economy. What’s more, respondents believe the idea is fundamentally unfair.

Read More

taxes  revenues  energy  access 

Mark Green

Mark Green
Posted February 26, 2013

The White House is continuing the drum beat for higher taxes on oil and natural gas companies – oddly, as a reaction to higher gasoline prices. Press Secretary Jay Carney this week:

“Anybody fill up their gas tank this weekend?  Think the oil and gas companies can maybe afford to give up their taxpayer – special interest break?  I think most Americans would say yes.”

Let’s think this through. Gasoline prices have been rising – mostly because of underlying increases in the cost of crude oil due to higher global demand for oil – and the White House press secretary’s response is to connect gasoline prices with a tired proposal to raise taxes on the producers of gasoline.

Read More

taxes  investments  energy  access 

Mark Green

Mark Green
Posted February 21, 2013

While the White House talks again about raising taxes on oil and natural gas companies, let’s look at a chart that captures the starkly different outcomes – in terms of revenue for government – from two policy paths: higher energy taxes vs. increased energy development:

Read More

taxes  regulatory-system  regulation  energy-policy  domestic-energy  access 

Mark Green

Mark Green
Posted November 26, 2012

A Wall Street Journal editorial predicts a “regulatory flood” from the Obama administration now that the election is over – in health care, financial services and energy.

Read More