US Federal Regulations Pose Obstacle to Energy Outlook, Economy | Louisina Oil & Gas Association
The United States’ unconventional shale plays have begun to transform the nation’s economy and energy future. But that transformation can only continue as long as the U.S. federal government doesn’t get in the way, said government and industry officials at the Consumers Energy Alliance-Texas 2012 Energy & Jobs Forum Wednesday in Houston.
The number of jobs in the U.S. oil and gas sector has grown as other industries have shed jobs in the economic recession. However, the U.S. federal government has launched a war on oil, gas and coal of the likes not seen previously, with the administration seeking to eliminate tax incentives not only for major oil and gas companies but independents as well, said U.S. House of Representative member Kevin Brady (R-Texas).
“Taxing U.S. energy companies at home as if they are working overseas will deter future energy development, reduce American made production and result in jobs being shipped overseas,” Brady said.