Energy economics and taxation

Journal Article · · J. Energy Dev.; (United States)

OSTI ID:5582985

Eck, T R

The government inclination to single out the oil industry for onerous taxes has collided with diminished revenues for the industry. As a result, a difficult situation has become a formidable hindrance to domestic energy development. The author examines some of the reasons for the reduction in revenues, the consequences already apparent in terms of energy exploration and development, the history and possible future directions of government tax policy, and some conclusions about how these factors have affected the US energy supply balance in the past and may affect it in the future. He concludes that, by singling out an industry for harsh tax treatment, current policies encourage energy operations to relocate beyond national borders, or, in the case of severance and unitary taxes, outside state boundaries. 7 figures, 5 tables.

• Research Organization: Standard Oil Co. of Indiana, Chicago, IL
• OSTI ID: 5582985
• Journal Information: J. Energy Dev.; (United States), Journal Name: J. Energy Dev.; (United States) Vol. 8:2; ISSN JENDD
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
ENERGY SOURCE DEVELOPMENT
FINANCIAL INCENTIVES
GOVERNMENT POLICIES
INDUSTRY
INSTITUTIONAL FACTORS
PETROLEUM INDUSTRY
POLITICAL ASPECTS
PRODUCTION
TAXES