Obama’s Energy Policy Increasing Burden on Oil and Gas Companies during Times of Distress

April 8, 2010




Summary

The Obama administration’s proposed US energy policy highlights a considerable shift from the fossil fuel driven economy to an economy fuelled by renewable energy. Throughout the presidential campaign, Obama’s energy policy focused on boosting the growth of the US renewable energy industry and decreasing the dependence on imported energy. In view of this, the Obama administration has proposed the repeal of various tax incentives on the oil and gas industry. These new tax measures are likely to lead to an increase in the expenses of the oil and gas industry to the tune of $31 billion by 2019.

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Source: http://bharatbookseo.blogsome.com/2010/04/08/p16252/

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