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Washington's Budget Choice

Washington's Budget Choice

Ratings: (0)|Views: 4,046|Likes:
Published by Energy Tomorrow
Higher oil and natural gas industry taxes could reduce government revenue, cost jobs and cut domestic production.
Higher oil and natural gas industry taxes could reduce government revenue, cost jobs and cut domestic production.

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Published by: Energy Tomorrow on Jul 05, 2011
Copyright:Attribution Non-commercial

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11/09/2012

pdf

 
energy 
 
production
+ 4 million barrels’worth of oil andnatural gas per day
energy 
 
production
- 700,000 barrels’worth of oil andnatural gas per day
 America’s
choice
increase
 
oil & natural gasdevelopment
raise
 
oil & natural gastaxes
 jobs
+ 1,100,000 jobs
 jobs
- 48,000 jobs
government revenue
+ $127 billion
government revenue
- $29 billion
 $
2020
Source: WoodMackenzie Energy Consulting, http://www.api.org/Newsroom/upload/API-US_Supply_Economic_Forecast.pdf;and http://www.api.org/policy/tax/recentstudiesandresearch/upload/SOAE_Wood_Mackenzie_Access_vs_Taxes.pdf

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