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Energy in Brief
The Energy in Brief shelf contains briefing papers about a variety of energy issues impacting the oil and natural gas industry.
Oil and Natural Gas Taxes and Subsidies
The U.S. oil and natural gas industry pays taxes at effective rates far higher than most other industries. It does not receive payments from the government to support oil and gas developm...
From: EnergyTomorrow
Revenue Disclosure: The Dodd-Frank Wall Street Reform and Consumer Protection...
Section 1504 requires companies registered with the Securities and Exchange Commission (SEC) to report, on an annual basis, payments made to a foreign government or the federal government...
From: EnergyTomorrow
The Facts About Canadian Oil
The economic impact of oil sands development in neighboring Canada is expected to lead to the creation of more than 342,000 new U.S. jobs between 2011 and 2015 and add an estimated $34 bi...
From: EnergyTomorrow
Losing Our Edge: How Current Attempts to Double Tax Profits Will Cost America...
To ensure that income earned in other countries by U.S.-based companies is not taxed twice, U.S. tax law provides for an offset or foreign tax credit (FTC), for income taxes already paid ...
From: EnergyTomorrow
EPA National Ambient Air Quality Standards (NAAQS)
Under the Clean Air Act, the Environmental Protection Agency (EPA) Administrator is charged with reviewing and, as necessary, changing the National Ambient Air Quality Standards (NAAQS) e...
From: EnergyTomorrow
Gulf of Mexico Oil Spill Response
The 2010 Gulf of Mexico oil spill was unprecedented in its size and scope—and so is the industry’s continued response. Safety is a core value of the oil and natural gas industry, and this...
From: EnergyTomorrow
Gasoline Prices
The roller coaster rise and fall in gasoline and diesel prices over the last couple of years tracks changes in the cost of crude oil. Those changes are determined in the global market by ...
From: EnergyTomorrow
EPA Clean Air Act Regulation of Greenhouse Gas (GHG) Emissions
On January 2, 2011, the Environmental Protection Agency (EPA) began regulating greenhouse gas (GHG) emissions from stationary sources under the Clean Air Act. EPA’s stationary source regu...
From: EnergyTomorrow
Fuels for the Future: Biofuels and Ethanol
Given current and projected worldwide energy demand, America needs all sources of commercially viable energy, as well as a greater commitment to energy efficiency and energy conservation....
From: EnergyTomorrow
The Alaskan Outer Continental Shelf (OCS)
In Alaska, the oil and natural gas industry has proven itself to be a valuable partner with government and other stakeholders in expanding knowledge and understanding of the Arctic enviro...
From: EnergyTomorrow
Access to the Outer Continental Shelf (OCS)
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) estimates that Outer Continental Shelf (OCS) energy resources include approximately 86 billion barrels of oil an...
From: EnergyTomorrow
Access to Federal Lands Onshore
Production of resources from multi-use, non-park federal lands is essential to providing the energy resources necessary to grow the U.S. economy, enhance U.S. energy security, spur the cr...
From: EnergyTomorrow
Assessing the Impacts of Increased Access Versus Higher Taxes on U.S. Oil and...
A January 2011 study from Wood Mackenzie, commissioned by API, compared the impacts of two scenarios: the first would raise government revenues from fees and payments associated with incr...
From: EnergyTomorrow
Hydraulic Fracturing
Hydraulic fracturing is a technique used to allow natural gas and crude oil to move more freely from the rock pores where it is trapped to a producing well so it can be brought to the sur...
From: EnergyTomorrow
America’s Oil and Gas Industry: Paying Their Share
America’s oil and natural gas industry supports 9.2 million jobs throughout the economy and 7.5 percent of our GDP. Our industry provides higher-than-average wages and helps ensure our na...
From: EnergyTomorrow
