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Energy Impacts

By Greg Russell

The Hill is reporting on a study done by a Louisiana State University economist finding that the Administration's proposed tax increases on the oil and gas industry would cost more than 150,000 American jobs.  "'Though politicians think they are selectively targeting 'Big Oil' with these energy tax proposals, they would actually devastate thousands of small American businesses nationwide as well as the workers who depend on them,' Mason said in prepared remarks."  (Fails to mention that he's a Senior Fellow at the Wharton School ...)

For more on Dr. Mason, see here.

[Immediate update:  On a related note, the Houston Chronicle is reporting on the failure of a proposal by Senate Democrats to eliminate the Section 199 deduction for producers.  Tied it to Obamacare of all things!]

Tags: Energy, Tax

Helping clients with their energy and environmental needs

You can expect to find news and breaking legal developments involving the crude oil and natural gas industries, alternative and renewable energy resources, and the latest environmental issues.