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2016-02-07 17:20:00

OBAMA WANT MONEY

OBAMA WANT MONEY

WASHINGTON, February 4, 2016 – President Obama's proposal to add a new $10 per barrel tax on crude oil would harm consumers, said API President and CEO Jack Gerard:

"The White House thinks Americans are not paying enough for gasoline, so they have proposed a new tax that could raise the cost of gasoline by 25 cents a gallon, harm consumers that are enjoying low energy prices, destroy American jobs and reverse America's emergence as a global energy leader.

"On his way out of office, President Obama has now proposed making the United States less competitive."

API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API's more than 650 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation's energy and are backed by a growing grassroots movement of more than 30 million Americans.

api.org

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More: 

GAS PRICE WAR 

CUTTING JOBS & INVESTMENTS 

U.S. GDP UP 0.7% 

U.S. OIL & GAS SHOCK 

U.S. CUTS OIL INVESTMENTS

 

 

Tags: USA, OIL, PRICE, TAX

Chronicle:

OBAMA WANT MONEY
October, 16, 11:50:00

SAUDI ARAMCO IPO

Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year.

OBAMA WANT MONEY
October, 16, 11:45:00

SAUDI'S BANKS ARE BETTER

But we expect a rise in the sector's NPL ratio and muted credit demand in the second half of 2017 and 2018, reflecting the slowing economy. GDP growth slowed to 1.4% in 2016 from 3.4% in 2015 and we expect it to be below 1% in 2017 and 2018.

OBAMA WANT MONEY
October, 16, 11:40:00

OPEC EXPECTATION

The Organization of Petroleum Exporting Countries and allies including Russia have been cutting oil production this year to bring fuel inventories in industrialized nations back in line with the five-year average.

OBAMA WANT MONEY
October, 16, 11:35:00

JAPAN LNG INVESTMENT

The Japanese government will offer $10 billion to support firms bidding to build liquefied natural gas (LNG) infrastructure around Asia, the Nikkei business daily said on Monday.

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