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Don't Burden the Energy Industry With New Taxes
Tweet Share on Facebook December 24, 2012 CommentPete Sepp is executive vice president of the National Taxpayers Union.
Readers of this space know that my organization, National Taxpayers Union, opposes the pick-winners-and-losers tax policies of President Obama and his allies in Congress. Selectively stripping oil and gas companies of provisions that other industries use—like the Section 199 manufacturing deduction and dual capacity credit—amounts to bad tax policy and bad economic policy. After all, the industry has been a proven source of job growth and stable revenues.
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The Cost of Banning Natural Gas Exports
Tweet Share on Facebook December 19, 2012 CommentMichael Lynch is the president and director of global petroleum service at Strategic Energy & Economic Research.
With the recent publication of a letter from 100 doctors and engineers, Physicians, Scientists and Engineers for Healthy Energy suggests that exporting natural gas from the United States would be imprudent. While there are projections that liquified natural gas exports could become quite large, the reality is that they will almost certainly be minimal for the next several years, and unlikely to affect prices any time soon.
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End the Wind Production Tax Credit
Tweet Share on Facebook December 13, 2012 CommentDaniel Kish is senior vice president at the Institute for Energy Research.
As Congress and President Obama negotiate over how to deal with the "fiscal cliff," one important issue is whether or not to continue the wind production tax credit. This credit was created 20 years ago to help wind try to compete with affordable and reliable source of electricity generation such as coal, natural gas, and hydropower. Despite 35 years of subsidies, the wind industry claims they still need help from the taxpayer. But this begs the question—when will enough ever be enough for the wind industry? Twenty years is more than enough for the wind industry to stand on its own.
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U.S. Must Continue to Pursue Energy Independence
Tweet Share on Facebook December 12, 2012 CommentGregg Laskoski is a senior petroleum analyst for GasBuddy.com
To say that the United States is taking definitive steps toward energy autonomy is not hyperbole any more.
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Let the Free Market Dictate the Energy Industry
Tweet Share on Facebook December 11, 2012 CommentMichael Lynch is the president and director of global petroleum service at Strategic Energy & Economic Research.
As an undergraduate, I was shocked when an instructor explained that large corporations did not want free markets, but rather stable and protected markets—that is, protected against their competition. Economists, it turned out, were the ones advocating free markets, albeit with mixed results politically. For corporations, self interest trumped ideology.
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