Sat05232015

Last updateFri, 22 May 2015 10am

U.S. Oil, Gas Taxes Face Opposition, Landrieu Says

The Obama administration should abandon plans to raise $45 billion by eliminating tax breaks for fossil-fuel producers such as Exxon Mobil Corp. and Chevron Corp., U.S. Senator Mary Landrieu said today.

“There’s going to be fierce opposition to taxing this industry, because it is counter to creating jobs and counter to energy independence,” Landrieu, a Louisiana Democrat, said at a hearing of the Senate energy committee on President Barack Obama’s fiscal 2011 budget proposal.

Source: Bloomberg

View Full Article

New Products

 

Valve Magazine Digital Edition

15 SPR CVRInside the Spring 2015 issue…

• Heavy Oil
• 3D Printing Gains Momentum
• Restoring Power After Sandy
• What is a Surplus Valve?

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL