Sentences with phrase «on oil taxes»

Not exact matches

So policy makers focus on «core inflation,» which ignores changes in prices for fruit, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, tobacco products and indirect taxes.

Tumbling oil prices spell bad news, both for overall growth and the financial position of the government, which is reliant on tax revenues from its energy industry to fund the budget.

In 2013, oil and gas accounted for 68 % of Russia's total exports, while duties on those exports, combined with taxes on mining, accounted for 50 % of the federal government's revenue.

He was the rare apparatchik whose name wasn't only known but reviled by members of the public, thanks to his involvement in crafting the National Energy Program, imposing price caps and taxes on oil.

The Panel excluded any discussion of the environmental impacts of oil sands development, although they did allow the consideration of increased oil prices generated by the pipeline on the taxes and royalties associated with forecast future oil sands production.

* Depending on the other project parameters and oil prices (I've used the U.S. Energy Information Administration 2013 reference case as well as a $ 15.00 differential between WTI and diluted bitumen), the foregone royalties and taxes can even be slightly larger than the foregone profits to the operator.

The Comey broadside came during a busy morning for Trump on Twitter, which also saw him take shots at OPEC for causing «artificially» high oil prices and House Democratic Leader Nancy Pelosi over taxes.

«The impact on sales tax from oil prices being down is really what's putting the pressure on the budget situation.

CNBC's Jackie DeAngelis takes a look at what's at stake for the energy industry if the U.S. imposes an import tax on oil.

In addition to tax changes (more on that below), Trump's plan to grow the economy focuses largely on generating more jobs in the fossil fuel economy (in coal and onshore and offshore drilling for oil and gas) and as a result of new infrastructure projects.

Cuts to the highest per - capita spending in Canada will doubtless be part of the budget Premier Alison Redford unveils on March 7, but a shortfall on the revenue side, namely oil and gas royalties, has prominent Albertans calling for a more stable source of funding: a provincial sales tax.

Depending on where you live, there's legislation pending that will levy more regulations and taxes on fracking, which in a time of rapidly falling oil prices could significantly hurt local energy companies that provide jobs and work for small businesses.

Impact on oil and gas production: compared to a carbon tax, Alberta's policy offers emitters less of an incentive to reduce production in order to cut GHGs, notes Leach: «assuming that the facility reduced production by 10 percent, and that emissions decreased proportionately (a simplifying assumption), the facility's emissions intensity would not change, so its carbon liability per barrel of oil produced would also remain constant.»

Efforts to curtail the tax breaks are likely to face fierce opposition in Congress; the oil and natural gas industry has spent $ 340 million on lobbyists since 2008, according to the nonpartisan Center for Responsive Politics, which monitors political spending.

A version of this article appears in print on July 4, 2010, on Page A1 of the New York edition with the headline: As Oil Industry Fights a Tax, It Reaps Subsidies.

Posted by Jeff Rubin on November 17th, 2014 under SmallerWorldTags: carbon tax, climate change, oil prices, Stranded assets • 3 Comments

The carbon footprint of a given barrel of oil over any other was not really on the political map when Chrétien was changing the tax code to finance a mine and Klein was rewriting the royalty regime to make it easier to expand the industry.

Oil giant ExxonMobil has been hit with a tax claim by the Australian Tax Office in relation to interest rates on intra-company loatax claim by the Australian Tax Office in relation to interest rates on intra-company loaTax Office in relation to interest rates on intra-company loans.

Instead of focussing his tax cuts on growth industries, his across - the - board cuts see most of the billions go to the oil, banking and insurance industries — the ones least in need of tax reduction.

From these flags of convenience locations, which have no tax on profits, the oil was then sold to Western refineries at prices marked up to eliminate profits.

Severance taxes are imposed on wells that remove nonrenewable resources, such as crude oil.

Conversely, should oil prices continue to climb and a gas tax is added on top, many won't be so happy with the immediate impact.

In the case of an oil spill cleanup, the costs are likely to be directly incurred by an insurance company, but the premiums paid for that insurance come at the expense of the value of the oil transportation service — the higher the expected clean - up costs from oil spills, the higher insurance premiums will be, and this will mean higher pipeline tolls, which in turn implies lower profits, taxes, and royalties on the products shipped.

Management said on the earnings call and in the release that its focus in 2018 — and over the long term — is cash flows, not oil and gas volumes, and intends to use 2018 and 2019 to «target substantial growth in cash flow along with a reduction in net debt: EBITDAX [earnings before interest, taxes, depreciation, amortization, and exploration] to approximately 2.5 times.»

DiLallo sums it up nicely: «Saudi Arabia has the lowest oil production costs in the world thanks to two strategic advantages: Abundant pools of oil close to the surface and no taxes on production.

Like other exporters, Canadian oil and gas producers have worried about protectionist rhetoric employed by Mr. Trump, and a border adjustment proposal in Congress that could effectively place an import tax on goods entering the U.S. market.

The recent short - lived oil dividend has morphed into a significant oil tax, right on time for the important September - December period.

He has also worked as an equity analyst covering basic materials and industrial stocks, as a venture capitalist in Prague, and as a tax consultant advising on numerous M&A, real estate, and oil and gas transactions.

Oil giant ExxonMobil says it stands by the interest rates charged on intra-company loans to its Australian subsidiary, despite those loans being central to the Australian Tax Office's claim that Exxon has not paid enough tax over the past decaTax Office's claim that Exxon has not paid enough tax over the past decatax over the past decade.

The ATO had been expected to focus on interest deductions claimed by the Australian subsidiaries of Exxon and rival oil giant Shell, both of which are shareholders in Gorgon, after the operator of the giant gas project, Chevron, lost a $ 340 million tax fight in the Federal Court last year.

The ATO's attack on Exxon comes as unions continue a public campaign seeking to highlight the perceived lack of tax paid by the oil company.

While axing a tax on the fuel Albertans produce is popular, much of the energy sector appears reasonably happy a provincial government is doing things to erase Alberta's old image as an environmental laggard; last month, oil sands heavyweights Suncor and Canadian Natural Resources Ltd. talked up Alberta's new environmental efforts to European investors, and their executives joined Notley on stage when the climate change plan and carbon tax were first announced.

The Canadian oil producer controlled by Hong Kong billionaire Li Ka - Shing would support a tax if it's applied broadly and at least includes the rest of North America, Ghosh said Friday on a conference call to discuss third - quarter earnings results.

Kuwait's plan to impose corporate taxes and cut fuel subsidies to reduce the OPEC member's reliance on oil faces a familiar obstacle: a parliament that has resisted previous attempts to Continue Reading

Ending the tax breaks to energy companies so as to finance the switch to clean energy is nice but oil explorers will lobby or else move to exploring in nations that require the advanced technology that U.S. energy companies thrive on and they will entice them with all types of incentives.

A 15 percent year - on - year increase in oil prices in FY19 is likely to raise state oil tax revenues by 0.13 percent of GDP, HSBC estimates.

They managed to deliver tax breaks for the rich and oil companies, that's indisputable, but not on any of the «moral» issues they've used since the early 70s to get votes from religious people.

Whereas now, I have to mow the lawn, and paint the bedroom, and get the oil in the car fixed and pay my taxes, and wash the dishes and so on.

But they are willing to stand up for Big Oil on $ 25 billion in tax loopholes.

I guess I feel the same way about a liberal agenda that say that to get out of debt we have to spend more, or that my tax dollars have to pay for something I think is morally wrong (Obamacare sets up a fund to pay for late term abortions) or a government that confiscates kids lunches, or tells me how much soda I can drink, or uses my tax money to choose winners and losers (mostly losers but Obma doners) in energy production that produces no energy yet we are sitting on more coal and oil than any other nation on the planet.

They are the ones who use racist, nasty comments about the poor on welfare and call them «takers» when in fact the Federal government spends 10 times more on corporate tax loopholes and «corporate welfare» in subsidies to oil companies, the sugar and corn industries and many others.

«Hovensa, a large oil refinery located on St Croix, closed in June, which has impacted jobs and tax revenue.

On Thursday, December 24 from 5:30 p.m. to 10:00 p.m., and Friday, December 25from 12:00 p.m. to 10:00 p.m., guests can enjoy a Christmas prix - fixe menu priced at $ 95 per person (exclusive of tax and gratuity) that includes a celebratory glass ofVeuve Clicquot Champagne accompanied by an amuse - bouche of a Mushroom Cappuccino scented with truffle oil.

Anyhow I purchase my coconut oil / shortening and all my supplements and many foods including organic coconut sugar (they have both unheated brands) from Iherb.com where I get free (prompt) shipping and anywhere from 7 - 12 % off by being registered on top of great pricing (and no tax).

• Complimentary Holman Ranch «welcome» gift bag includes a keep sake wine key and a bottle of house - pressed estate olive oil • Two free tickets to Holman Ranch's annual Wine Gala • Shipments will be comprised of 2 bottles of red and white varietals • 2 shipments per year of our new releases and other exceptional bottlings (duplicates may occur throughout the year) • Free shipping on regular club shipments $ 150 per year, plus sales tax where applicable, 1 year minimum membership Pinot Club For those wine drinkers in love with this complex and fickle grape, we present our Pinot Club.

• Free «anniversary» night stay in the cozy guest rooms followed by a private vineyard picnic lunch • Annual shipment includes a special gift basket including wine, olive oil and other goodies to arrive at your door on your anniversary month • Discount on future event bookings • Access to bulk purchase discounts for your upcoming special events • Free shipping on regular club shipments • Two free tickets to Holman Ranch's annual Wine Gala • Complimentary Holman Ranch «welcome» gift bag includes a keep sake wine key and a bottle of house - pressed estate olive oil $ 100 per year, plus sales tax where applicable, 1 year minimum membership Vineyard & Winery Background: Located at the north eastern tip of the Carmel Valley Appellation, the family - owned Holman Ranch resides approximately 12 miles inland from the Pacific Coast.

The only money paid to the Chicago Park District by the eight private yacht clubs that use prime park district land on the city «s lakefront are taxes on the gasoline and oil they sell to boaters — a total of about $ 24,000 a year.

The Chavez approach — to raise taxes on oil companies and use a spike in energy prices to fund literacy and health programmes for the poor — prompted a hostile reaction from the Bush administration.

«The loss of significant offshore oil and gas tax revenues as the North Sea runs down will have a big impact on our economy, jobs and balance of payments, with significant increases in household energy bills — and a very adverse impact on the legacy for future generations in an independent Scotland,» he told EnergyVoice.com.

However, Ghana is a member of the Extractive Industries Transparency Initiative (EITI), which requires countries with a heavy dependence on oil, gas, and mining industries to accurately report taxes, royalties, and fees paid by extractive companies.