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Windfall profits for the government.(Correction, Please!)
ITEM: Exxon Mobil posted record profits for any U.S. company, reported a wire-service account in the Seattle Post-Intelligencer for January 31. The "oil industry's stellar results renewed talk among some politicians for a windfall profit tax that would push companies to invest even more in new production and refining capacity. Sen. Barbara Boxer, a California Democrat who criticized oil executives appearing before Congress in November, said Friday that the Bush administration and the Federal Trade Commission needed to 'put an end to gouging.' She then suggested that the FTC stood for 'Friend to Chevron.'"
CORRECTION: To judge by the oily rhetoric, one would not ...
- Forecast for Russian oil production in 2030 lowered by 6.6% in Energy Strategy...
- Newspaper article from: Russia & CIS Business and Financial Newswire August 26, 2009 700+ words
Forecast for Russian oil production in 2030 lowered by 6.6% in...Interfax) - The forecast for oil production in Russia in 2030 that is contained...told journalists on Wednesday. Oil production is projected to total 530 million...
- Forecast for Russian oil production in 2030 lowered by 6.6% in Energy Strategy.
- Newspaper article from: Russia & CIS Business and Financial Newswire August 26, 2009 700+ words
Forecast for Russian oil production in 2030 lowered by 6.6% in...Interfax) - The forecast for oil production in Russia in 2030 that is contained...told journalists on Wednesday. Oil production is projected to total 530 million...
- BOREN SAYS REPEAL OF WINDFALL PROFIT TAX MOVES CLOSER
- Newspaper article from: The Journal Record ROBIN ROBINSON April 5, 1988 700+ words
...employees. Repeal of the windfall profit tax is closer to a reality than...amendment to repeal the windfall profit tax, are part of the compromise...measure to repeal the windfall profit tax is the first time repeal has...the tax would boost U.S. oil production by ...
- Tyumen region cuts profit tax rate for TNK-BP until 2014.
- Newspaper article from: Russia & CIS Business and Financial Newswire October 28, 2009 700+ words
Tyumen region cuts profit tax rate for TNK-BP until 2014 TYUMEN...TNK-BP with a 4% discount on the profit tax rate. Khan said the structure of...new fields on-stream and increase oil production volumes. Of $5.5 billion in total...
- ONGC supports windfall profit tax.
- News wire article from: PTI - The Press Trust of India Ltd. July 28, 2008 700+ words
ONGC supports windfall profit tax New Delhi, July 28 (PTI...demands for imposition of a windfall profit tax saying it was willing to forgo part...may include raising cess on crude oil production and a new levy on prices above a...
- MORE U.S. OIL PRODUCTION NEEDED, SAYS HERRINGTON/BUT COSTS MUST NOT RISE
- Newspaper article from: The Journal Record ROBIN ROBINSON March 27, 1987 700+ words
...meet both objectives economically, he said. Among the recomendations made to President Reagan: - Repeal of the windfall profit tax, which currently produces virtually no revenue and is a counterincentive to industry investment, Herrington said. - Comprehensive...
- Federal tax revenue up 50% in Jan-Feb, not including Yukos.
- Newspaper article from: Russia & CIS Business and Financial Newswire March 28, 2006 700+ words
...February, including 157.2 billion rubles from oil production, 15.8 billion rubles for gas production...growth in oil prices of 50%, and growth in oil production of 2.4%. Corporate profit tax revenue in the federal budget in the first...
- Oil industry warns of new crisis
- Newspaper article from: Chicago Sun-Times December 24, 1987 700+ words
...statement to repeal the windfall profit tax on domestic oil production and to open the Arctic National...Union. DiBona said U.S. oil production has fallen by 900,000 barrels...and repealing the windfall profit tax," DiBona said.
Source: HighBeam Research, Windfall profits for the government.(Correction, Please!)