The UK government in their infinite wisdom and knowledge of the economy has created an energy famine and poor people have been forced to make hard decisions AP (7/15/11) reports: One in five households in the UK were affected by fuel poverty in 2009 official figures showed on Friday with campaigners warning the situation will worsen as electricity and gas prices continue to rise…The number of UK households in fuel poverty rose from 4.5 million in 2008 to 5.5 million in 2009, the Department...
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IER’s Tom Pyle gives the White House a math lesson U.S. News In the current stalemate on raising the debt ceiling, President Obama has ratcheted up the rhetoric against the American oil and gas industry.  Big Oil, he insists, benefits from generous federal subsidies and enjoys favorable treatment from the current tax code.  The president maintains that increasing taxes on these companies will help close the federal deficit while avoiding any adverse economic consequences…Take a look at...
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It’s no wonder everyone in CA is on medical marijuana — have you looked at the books recently? CA businesses are leaving 5x faster than last year and if you think that’s fast, just wait until Lt. Gov. Newsom unveils his economic plan next week CNN Money (7/12/11) reports: Buffeted by high taxes, strict regulations and uncertain state budgets, a growing number of California companies are seeking friendlier business environments outside of the Golden State…And governors around the...
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Top-Line Findings of “Budget Impasse Hinges on Confusion among Deficit Reduction, Tax Increase, and Tax Reform” Study To read the full study as a PDF, click here. With the August 2^nd deadline rapidly approaching, talk on Capitol Hill over the debt ceiling has become enmeshed in debate over repeal of tax deductions for U.S. oil firms. The marriage of these issues, however, confuses the similar but distinct concepts of deficit reduction, tax reform, and tax increases. Increases in tax...
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The next time you debate the debt, we got your back — Dr. Joseph Mason authored a new study that explains how a tax increase will destroy energy jobs American Energy Alliance (7/12/11) reports:   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 confusing three concepts: deficit reduction,...
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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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