A taxing time for the US energy sector

Kamalick, Joe
June 2006
ICIS Chemical Business;6/19/2006, Vol. 1 Issue 24, p19
Trade Publication
The article reports on how the U.S. Congress inadvertently has been trying to legislate the U.S. energy industry out of business with what amounts to a staggering array of indirect taxes and other disincentives. While passing ever more strict environmental laws over the past 25 years that has spurred consumption of natural gas for electric power, Congress imposed development bans on 85% of the richest oil and gas reserves off U.S. shores.


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