Review of Long-term World Oil Outlook: Petroleum Product Imports : and Energy-related Tax Reform Proposals : Hearings Before a Subcommittee of the Committee on Government Operations, House of Representatives, Ninety-ninth Congress, First Session, April 1 and 2, 1985, Volume 4

Couverture

À l'intérieur du livre

Avis des internautes - Rédiger un commentaire

Aucun commentaire n'a été trouvé aux emplacements habituels.

Autres éditions - Tout afficher

Expressions et termes fréquents

Fréquemment cités

Page 567 - Option with respect to intangible drilling and development costs in general: All expenditures for wages, fuel, repairs, hauling, supplies, etc., incident to and necessary for the drilling of wells and the preparation of wells for the production of oil or gas...
Page 363 - US was losing its energy self-sufficiency and the risks associated with a growing import dependence. Texaco believes that current trends and developments in the energy sector contain the potential for a future shortage which could compromise our economic and national security to a greater extent than in the 1970 's.
Page 481 - Without import controls the domestic wellhead price would fall from $3.30 per barrel to about $2.00, which would correspond to the world price. Although we cannot exclude the possibility, we do not predict a substantial price rise in world oil markets over the coming decade.
Page 362 - In the past there has been a tendency to deal with politically difficult problems of this nature only in a crisis. Unfortunately, our Country's inability to address and resolve such problems in advance of a crisis cost the US economy In the 1970's billions of dollars in addition to a loss of policy flexibility and significant additional costs in the areas of both foreign policy and defense. In the absence of any indication of a policy shift by the US Government, it is reasonable to anticipate that...
Page 490 - I an economist with the Congressional Research Service of the Library of Congress. I would like to thank you for the invitation to appear before you today to discuss...
Page 512 - As of today, 76 percent of the industry's operable rotary rig fleet is idle. These facts clearly illustrate that while the economy as a whole is in its third year of recovery, the petroleum exploration/producing industry remains in a downcycle that shows no signs of abating. Recent experiences of the domestic industry have been marked by numerous sales, mergers and bankruptcies, continued difficulties in a number of oil country banks and extreme financial difficulties among a multiplicity of long-established...
Page 84 - Expressing concern about these population declines and certain wildlife refuge management practices affecting the refuges' performances in reversing them, the Chairman, Subcommittee on Environment, Energy, and Natural Resources, House Committee on Government Operations, asked...
Page 352 - I would be glad to respond to any questions the committee may have. [The prepared statement of Mr.
Page 12 - BEFORE THE ENVIRONMENT, ENERGY, AND NATURAL RESOURCES SUBCOMMITTEE OF THE COMMITTEE ON GOVERNMENT OPERATIONS US HOUSE OF REPRESENTATIVES APRIL 1, 1985 MR.
Page 523 - IMPACT ON THE NATIONAL ECONOMY OF REPEALING THE EXPENSING OF INTANGIBLE DRILLING COSTS Introduction This study examines the impact on the United States' economy of repealing the expensing of intangible drilling costs. Under current tax law, intangible drilling costs (IDC's) are defined as expenditures that in themselves do not have salvage value and are incident to and necessary for the drilling of wells and the preparation of wells for the production of oil and natural gas. Examples of intangible...

Informations bibliographiques