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2016-06-16 18:20:00

U.S. NEED MORE MONEY

U.S. NEED MORE MONEY

 

USA OIL PRODUCTION JAN 2014 - 2017

 

Washington, June 14, 2016 - according to API, at today's Senate Finance Committee hearing titled "Energy Tax Policy in 2016 and Beyond," a suggestion to raise taxes on energy and pick winners and losers in the marketplace is backward-facing and could threaten America's energy revolution and harm consumers, according to API Executive Vice President Louis Finkel.

"America's oil and natural gas industry pays some of the highest tax rates among U.S. businesses, generating billions of dollars every year in revenue for the federal government. Instead of calling for higher taxes that discourage domestic production, policymakers should follow pro-development energy policies that create jobs, improve our broken and outdated tax code, and help our nation provide affordable and reliable energy for consumers.

"We need tax policies that encourage investment in America's abundant energy resources. It is because of our industry's investments that the U.S. is the number one producer of oil and natural gas in the world while leading other countries in lowering carbon and other emissions. The industry also invests billions in low- and zero-emissions technologies to continue to drive down greenhouse gas emissions. This model has proven that we can protect the environment, grow our economy, and save consumers on average $1300 in energy costs per year.

"A strong domestic oil and natural gas sector provides hundreds of thousands of workers with well-paying jobs and indirectly supports millions of additional jobs. By embracing America's energy renaissance, we embrace America's role as an energy super power – and any changes to the tax code should support this."

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Earlier: 

U.S. OIL PRODUCTION DOWN 118 TBD 

U.S. RIGS UP 6 

U.S. BANKRUPTCY & BUBBLES 

U.S. WANT YOUR MONEY AGAIN - 2 

U.S. OIL PRODUCTION DOWN 5.4% 

U.S. INVENTORIES DOWN 4.2 MB 

U.S. WERE THE LARGEST

 

 

Tags: USA, OIL, GAS, PRICE, PRODUCTION

Chronicle:

U.S. NEED MORE MONEY
November, 20, 09:05:00

INDIA'S GAS WILL UP

REUTERS - India’s natural gas consumption is expected to rise to 70 billion cubic metres (bcm) by 2022 and 100 bcm by 2030, according to a government think tank and the Oxford Institute of Energy Studies, up from 50 bcm now. India burns just 7 percent of what top user the United States consumes in a year with about a quarter of India’s population.

U.S. NEED MORE MONEY
November, 20, 09:00:00

NORWAY SELLS OIL & GAS

Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to declining crude prices without its fund investing in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks.

U.S. NEED MORE MONEY
November, 20, 08:55:00

OIL PRICES UP

WSJ - Light, sweet crude for December delivery rose $1.41, or 2.6%, to $56.55 a barrel on the New York Mercantile Exchange, snapping a three-session losing streak. Brent, the global benchmark, advanced $1.36, or 2.2%, to $62.72 a barrel.

U.S. NEED MORE MONEY
November, 20, 08:50:00

U.S. RIGS UP 8 TO 915

U.S. Rig Count is up 327 rigs from last year's count of 588, with oil rigs up 267, gas rigs up 61, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 24 rigs from last year's count of 184, with oil rigs up 9 and gas rigs up 15.

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