LSU Economist Finds Administration’s Dual Capacity and Section 199 Proposals Would Reduce Federal Tax Revenue by More Than $53 Billion Click here to read the PDF Click here to read the one pager WASHINGTON, D.C. – Louisiana State University Endowed Chair of Banking and nationally-renowned economist Dr. Joseph R. Mason today released a just-completed study that finds the Administration’s proposal to carve out U.S. energy firms from receiving certain tax deductions would have a net...
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Click here to download the PDF By Joseph Mason As the deadline for approving an increase in the Federal debt ceiling approaches, the tax treatment of oil and gas companies’ revenues has become enmeshed in the policy debate over debt reduction and tax reform. That debate, however, is presently...
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Arnold isn’t the only who said “I’ll be back” — oil is up above the pre Sagging Poll Reserve release Wall Street Journal (7/11/11) reports: Oil is back on the upswing, flying in the face of international efforts to keep prices low…After an initial drop, crude-oil futures are back above the levels seen before the International Energy Agency in late June announced a plan to release 60 million barrels of oil from emergency stockpiles, ending Friday at $96.20 a barrel on the New York...
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America's largest trading partner and ally has an energy "Picasso in the attic" called oil sands, but the usual anti-energy suspects prefer we use Venezuelan, Middle Eastern or Brazilian oil.  Why?  Do you remember the Buddhas of Bamiyan? Wall Street Journal (7/8/11) reports: In a 21st-century oil boom, this sparsely populated Canadian province has become one of the world's newest petroleum powerhouses. Foreign investors are piling in, and Alberta plans to double production over the next...
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As the Beatles said, we get by with a little help from our friends — Senators Jim Webb and Mark Warner realize oil and gas is mother nature's cash crop and urge Obama to lift moratorium Washington Times (7/6/11) reports: Sens. Jim Webb and Mark Warner have introduced legislation to lift a moratorium on drilling off the Virginia coast enacted by President Obama after last year’s oil rig explosion in the Gulf of Mexico…The bill from the Virginia Democrats would allow oil and natural gas...
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Writing letters to the government can be therapeutic, especially when you’re asking the powers that be to allow more drilling in Alaska. Go on, give it a try Reuters (7/5/11) reports: The U.S. Environmental Protection Agency on Friday said it would begin collecting public comments on draft permits for Royal Dutch Shell's (RDSa.L: Quote) planned oil exploration off Alaska's coast…Shell has been working to revive its long-delayed Arctic oil program, submitting plans to begin drilling in...
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Good news for the Chevy Volt keeps on coming — Toyota is about to crush the EV game with the forthcoming Prius redesign. Thanks for playing, GM CNN Money (7/1/11) reports: Enthusiasts who are raving about the range assisted, battery-powered Chevrolet Volt are ignoring the 800-pound elephant in the room: Toyota, which in addition to its vast knowledge base and production volume in hybrid cars, has a better idea…It is the Prius Plug-in, it is already in test fleets, and it will be arriving...
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Obama must have shorted oil last week and then speculated prices would bounce along with his poll numbers; why else would he dump oil from the Sagging Poll Reserve? Wall Street Journal (6/30/11) reports: By the look of oil prices, last week's announcement of a globally coordinated stockpile release is already old news…The initial decline to below $90 on the International Energy Agency's decision to offer 60 billion barrels of oil has been all but erased. Crude-oil futures traded as high as...
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I hope Bryson gets caught with his hand in the taxpayer cookie jar! Go get ‘em, Eric Thorson! Bloomberg (6/29/11) reports: Government investigators are auditing some of President Barack Obama’s more than $7 billion in renewable energy grants to determine whether the money was awarded properly and the recipients were eligible…Examiners are reviewing 14 of the 2,600 projects that received tax dollars under the initiative to promote wind and solar power created in the 2009 stimulus bill,...
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Put this in your pipe and smoke it with natural gas Energy In Depth (6/27/11) reports: The United States produced more natural gas in 2010 than at any point in the previous 37 years, a stunning reversal of fortune given the country’s supply picture earlier this decade, and one that could not have been possible without the massive volumes of American energy that continue to be generated from shale…So what happens from here? By now, you’ve likely heard the stories and seen the estimates:...
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