red states rule
02-17-2011, 03:46 AM
With gas prices well over $3/gal the Obama administration is doing all they can to get to $5/gal
The fiscal year 2012 White House budget proposal calls for new fees on oil-and-gas companies to help fund drilling oversight, which the Interior Department has expanded in the wake of the BP oil spill.
The plan unveiled Monday includes “user fees to oil companies for processing oil and gas drilling permits and inspecting operations on Federal lands and waters.” It also seeks changes to royalty rates and “establishing fees for new non-producing oil and gas leases (both onshore and offshore) to encourage more timely production.”
The Interior budget plan calls for beefing up the agency’s ability to regulate drillers, while extending an olive branch by noting that “these reforms will also facilitate the timely review of offshore oil and gas permits.”
http://thehill.com/blogs/e2-wire/677-e2-wire/143879-white-house-seeks-new-fees-on-offshore-drillers
This is on top of the $43.6 Billion in taxes Obama wants to levy on oil companies in his budget
The Obama administration's proposed budget for the 2012 fiscal year calls for increased spending on energy research, higher taxes on oil and natural-gas companies, and deep cuts to a program that helps cities pay for improvements to their wastewater and drinking-water systems.
Mr. Obama's proposal sets up a showdown in many areas of energy policy with Republicans, who are moving to rein in subsidies for renewable energy and are expected to vote as early as this week on a governmentwide spending bill that would bar the Obama administration from using funds to regulate emissions of heat-trapping gases linked to climate change.
The budget blueprint calls for allocating $29.5 billion for the Department of Energy, a 12% increase over the 2010 enacted level. It would steer more money to research on solar, wind and energy-efficiency programs.
The plan also would attempt to kick start Mr. Obama's goal of putting a million electric cars on the road by 2015, by changing the existing $7,500 tax credit that car buyers can claim for purchasing such vehicles into a government-financed rebate customers would get when they buy a car.
http://online.wsj.com/article/SB10001424052748703584804576144142540709756.html?K EYWORDS=%3A%22oil%22
The fiscal year 2012 White House budget proposal calls for new fees on oil-and-gas companies to help fund drilling oversight, which the Interior Department has expanded in the wake of the BP oil spill.
The plan unveiled Monday includes “user fees to oil companies for processing oil and gas drilling permits and inspecting operations on Federal lands and waters.” It also seeks changes to royalty rates and “establishing fees for new non-producing oil and gas leases (both onshore and offshore) to encourage more timely production.”
The Interior budget plan calls for beefing up the agency’s ability to regulate drillers, while extending an olive branch by noting that “these reforms will also facilitate the timely review of offshore oil and gas permits.”
http://thehill.com/blogs/e2-wire/677-e2-wire/143879-white-house-seeks-new-fees-on-offshore-drillers
This is on top of the $43.6 Billion in taxes Obama wants to levy on oil companies in his budget
The Obama administration's proposed budget for the 2012 fiscal year calls for increased spending on energy research, higher taxes on oil and natural-gas companies, and deep cuts to a program that helps cities pay for improvements to their wastewater and drinking-water systems.
Mr. Obama's proposal sets up a showdown in many areas of energy policy with Republicans, who are moving to rein in subsidies for renewable energy and are expected to vote as early as this week on a governmentwide spending bill that would bar the Obama administration from using funds to regulate emissions of heat-trapping gases linked to climate change.
The budget blueprint calls for allocating $29.5 billion for the Department of Energy, a 12% increase over the 2010 enacted level. It would steer more money to research on solar, wind and energy-efficiency programs.
The plan also would attempt to kick start Mr. Obama's goal of putting a million electric cars on the road by 2015, by changing the existing $7,500 tax credit that car buyers can claim for purchasing such vehicles into a government-financed rebate customers would get when they buy a car.
http://online.wsj.com/article/SB10001424052748703584804576144142540709756.html?K EYWORDS=%3A%22oil%22