The number two official in the Energy Department admits the Biden administration might not be able to take a total advantage of falling oil prices in a move to refill the nation’s Strategic Petroleum Reserve. Deputy Energy Secretary David Turk told Bloomberg TV that maintenance and physical constraints of the underground caverns where oil …
December 5, 2023 archive
Senators attempt to restore tax relief for oil and gas producers
A bill that would give tax relief to small and mid-sized oil and gas producers in Oklahoma has been introduced by Oklahoma U.S. Sen. James Lankford and Senators from Wyoming, Montana and South Carolina. It was a move designed to counter Democrats and their effort to increase taxes on the oil and gas industry …
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