President Biden Signs Bill Increasing Taxes on Petroleum Companies

President Biden Signs Bill Increasing Taxes on Petroleum Companies


Big government just got bigger. President Joe Biden signed the Inflation Reduction Act (IRA) this week creating higher taxes on millions of Americans while increasing subsidies for exotic energy sources. The tax provisions hit the oil and gas industry. It imposes an $11.7 billion tax on crude oil and petroleum…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.


3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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