Storing fat from the feeding frenzy

Larmer, Paul
November 2005
High Country News;11/28/2005, Vol. 37 Issue 22, p2
The article argues that tax rates on U.S. gas and oil industries should be increased to generate more resources and prepare for future landscape restoration to the damages that the industries may cause to the environment. To date, the country faced a high demand for oil and gas which is manifested by explorations and drillings western states in the U.S. However, the Western States, are doing poorly of figuring out how to use the tax revenues. The author argues that the country should act now to ensure that the West will have the resources to plan for a future economy beyond the boom is over.


Related Articles

  • Classifying Offshore Drilling Platforms.  // Practical Accountant;Jun2002, Vol. 35 Issue 6, p20 

    Reports the classification of offshore drilling platforms in asset class by the U.S. the Internal Revenue Services. Definition of offshore drilling in asset class; Depreciation of asset class 13.2 offshore drilling platforms; Recovery period of assets in the class.

  • USA: PETRO-REPUBLIC. Weissman, Robert // Multinational Monitor;Sep/Oct2007, Vol. 28 Issue 4, p22 

    This article reveals that the U.S. federal government is getting substantially lower royalties from petroleum companies that conduct deep-water drilling in the Gulf of Mexico. It says that most of leases given to petroleum companies were made in the late 1990s when the price of crude oil is low...

  • SAKHALIN'S ENVIRONMENTAL QUANDARIES. Wolman, David // J@pan Inc.;Jul2003, Issue 45, p32 

    Focuses on environmental quandaries in Sakhalin Island, Russia. Discussion on the issue of environmental protection; Actions taken by environmental action groups to protest offshore oil rigs; Environmental practices of oil companies in Sakhalin; Effect of oil development in Sakhalin on...

  • GoM platforms damaged, lost. Kammerzell, Jaime // Offshore;Nov2004, Vol. 64 Issue 11, p14 

    Reports on major damage sustained by few oil and gas platforms and rigs in the Gulf of Mexico when Hurricane Ivan hit the area on September 15, 2004. Claim of Gulf of Mexico operators that it could be weeks or months before production returns to pre-hurricane levels; Number of mobile offshore...

  • EQT increases EUR in its core Marcellus acreage.  // World Energy News;6/3/2013, p5 

    The article reports that approximately 95,000 acres in the prolific dry gas region of the Marcellus is held by EQT Corp. It is noted that near-term dry gas development on approximately 80,000 acres in Armstrong, Clarion, Jefferson, Elk, Cameron, Clearfield, and Tioga Counties will be focused by...

  • The Oil Bonanza. Robinson, Jim // North & South;Aug2010, Issue 293, p58 

    The article offers information on the petroleum industry of New Zealand. As stated the 2.8 billion dollars earning of 2008-2009 of 21 million barrels oil production is expected to increase by 10 billion dollars per year by 2025. It discusses the exploration growth phase of deep-water drilling...

  • YPF reported oil and gas discovery in Patagonia.  // World Energy News;8/25/2014, p1 

    No abstract available.

  • Active Rotary Rigs. Spohn, Kari // Alaska Business Monthly;Feb2007, Vol. 23 Issue 2, p95 

    The article reports on the number of active rotary rigs throughout Alaska and the U.S. from October 2005-October 2006. In October 2006, the U.S. had 1,744 active rigs searching for, or developing, oil and natural gas, compared to 1,480 rigs in October 2005. An opposite trend reveals during this...

  • COMMENT. Le Blanc, Leonard // Offshore;Feb2001, Vol. 61 Issue 2, p8 

    Comments on several issues surrounding the land and offshore oil and gas industry as of February 1, 2001. Practice of producers in buying the shares of the equity of property purchasers; Rates of rig contractors; Performance of natural gas producers in the United States.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics