Rules analyzed under phased decontrol, windfall profits tax

Journal Article · Mon Mar 17 04:00:00 EST 1980 · Oil Gas J.; (United States)

OSTI ID:6194243

Talley, II, W W

The operation of the phase decontrol of domestic crude oil prices as published by the US Department of Energy-Energy Regulatory Administration (DOE-ERA) and the crude oil windfall profits (excise) tax as agreed to by the House-Senate Conference Committee as of February 20, 1980, has been analyzed. Definitions of the various categories are detailed and diagrammed. The categories include stripper, newly discovered, marginal property, heavy oil, incremental tertiary, tertiary incentive, upper tier oil, and lower tier oil. The forecast crude oil prices net to the operator and before deduction of state gross production taxes are listed. Allowable credits against the tax are mentioned as depletion and gross production tax.

• OSTI ID: 6194243
• Journal Information: Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 78:11; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
021000 -- Petroleum-- Legislation & Regulations
CONTROL
ECONOMIC IMPACT
ENERGY SOURCES
FORECASTING
FOSSIL FUELS
FUELS
INDUSTRY
NORTH AMERICA
PETROLEUM
PETROLEUM INDUSTRY
PRICES
PRICING REGULATIONS
REGULATIONS
SUPPLY AND DEMAND
TAXES
USA
WINDFALL PROFITS TAX