Lawmakers Should Stop Looking to the Energy Sector for More Federal Revenue
Also published in The Hill (DC) Thu. August 17, 2017
After a remarkable rise in Americas energy production and the creation of more than one million jobs, oil and natural gas companies are wrestling with a new challenge: holding on to those gains.
Production has shot up 60 percent in the past decade, providing a greater single boost to the U.S. economy than any other business sector. Thanks to hydraulic fracturingfrackingand sophisticated information technology, energy production has increased so much that the United States is, remarkably, the worlds leading oil and natural gas producer.
William F. Shughart II is the Research Director at the Independent Institute and the J. Fish Smith Professor in Public Choice in the Jon M. Huntsman School of Business at Utah State University.
Business and EntrepreneurshipContemporary PoliticsEconomyEnergyEnergy and the EnvironmentEnvironmental Law and RegulationFederal Tax PolicyGovernment and PoliticsNatural ResourcesTaxesTaxes and BudgetTransportation
Before posting, please read our Comment Policy.