The proposed settlement is heralded by some as a major victory, supposedly securing $100 million for the state to use for coastal restoration. In reality, the proposed settlement, if adopted, would yield nowhere near $100 million and divert much of the money it did raise to unrelated government spending. Two key flaws undermine the settlement’s...View Report
ven as the Obama administration postures on behalf of deficit reduction and job creation, it continues to advance policies that undermine energy production in the Gulf region and lower federal revenue, Sen. David Vitter (R-La.) has pointed out in his correspondence with top officials in Washington D.C.
President Obama's plan to increase taxes on the energy industry has sparked a swift response from the American Petroleum Institute.
Industry leader advocates expanded production and unveils latest research WASHINGTON, D.C. – Yesterday the American Petroleum Institute hosted its “The State of American Energy” speech, given by their president and CEO, Jack Gerard. On the eve of the 112th congress, more than 200 hundred guests heard Gerard’s call for increased access to known reserves and...