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Punitive Taxation of Profitable Oil Industry Won't Break Dependence on Foreign Crude

 Investor's Business Daily
By Mark J. Perry

New taxes on oil companies would drastically cut capital that otherwise could be invested in emerging energy technologies and the expansion of refinery capacity. Taxes would negatively impact domestic energy production, reducing revenues. And they would tilt the playing field against U.S. companies that compete globally.
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Access to Oil and Gas: Jobs, Revenues, More Energy

Domestic oil and natural gas resources help ensure our energy and economic security by providing affordable, reliable energy to Americans nationwide. Access to these resources supports more than 9.2 million jobs nationwide, provides billions in government revenues and creates less reliance on foreign imports. Public policy supporting the jobs and energy sources provided by the oil and natural gas industry is essential to protecting our nation’s future energy security.  

Oil Spill Prevention and Response

The oil and natural gas industry has pledged to work day and night to aid in recovery efforts for the Gulf of Mexico oil spill, and to ensure lasting solutions are put into place.

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