The government’s track record would lead many to believe that it is incapable of efficiently permitting millions of new wells that will be drilled and hydraulically fractured in the coming decades.
Don Briggs comments on the Obama Administration’s plan to repeal vital tax incentives for oil and gas industry and raise taxes on those making over $250,000 per year.
Up to 20 oil rigs could leave the Gulf of Mexico, in addition to the 11 that have already left, since the Obama Administration imposed a moratorium on deepwater oil and gas drilling in May 2010. Sen. Vitter asks about the impact on small business, and the cost of green lawsuits in letter to feds.
A proposal backed by Sen. Mary Landrieu (D-LA) would allow Louisiana and other producing states to keep a 37.5 percent share of oil and gas revenues that would otherwise fall into federal coffers.
Job creation can flourish and we can incentivize businesses to take risks in a system of low tax structure and limited burdensome regulations.
Louisiana and seven other Southeastern states consistently refuse to impose renewable energy mandates on electric companies.
Conclusive evidence continues to suggest that renewable energy projects and so-called “green” jobs have not lived up to the economic potential that politicians have promised.
Louisiana is beset with some of the most economically damaging regulations that flow out of Washington D.C, according to industry representatives and public policy analysts. They cite anti-energy policies, union favoritism and ObamaCare mandates as the primary culprits.
If Markey and Holt succeed, coastal states would lose out on approximately $150 billion over the next 60 years.
The American natural gas boom will cause the U.S. to dethrone Russia as the world’s leading supplier of natural gas, and will continue to bring jobs to Louisiana, according to a new study.