January 25, 2013

Big Taxes, Big Oil

Daniel Graeber, OilPrice.com


AP

A policy report from the scholars at The Brookings Institution finds that a surge in U.S. oil and natural gas production is a "bright spot" in the nation's economy. In December, the U.S. Energy Department noted that oil production was at its highest level in 15 years. For natural gas, the story is much the same given advancements in extraction technology. Because of this, the researchers at Brookings called on the White House to embrace the boom given lingering economic woes. Their recommendation on taxes, however, is likely to raise hackles from industry supporters.

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TAGGED: Natural Gas, Oil, Taxes

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