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MIA: Oil and Gas Tax Breaks MIA: Oil and Gas Tax Breaks

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MIA: Oil and Gas Tax Breaks

MIA: Oil and Gas Tax Breaks

Tax breaks for vacation homes, wealthy estates and at least 10 other tax policies are listed on a memo drafted by Democratic members of the Budget Conference Committee as examples of "egregious tax loopholes" they may push to repeal.


Conspicuously absent from that list are tax breaks for the oil and natural gas industry, despite the fact that congressional Democrats and President Obama have repeatedly singled out this industry and targeted its tax breaks in a host of budget proposals and legislation.

While it's not clear why the industry was left off the list, something else is crystal clear: Almost every company and trade group in this sector, including the most powerful, the American Petroleum Institute, has made preserving their industry's tax policies their first, second and third priority in Washington.

Don't underestimate the power of deep-pocketed lobbying.


Amy Harder


By Clare Foran (@ckmarie)

OIL SHIPMENT DERAILS IN ALABAMA. A train transporting crude oil from North Dakota crashed Friday morning in western Alabama.

JEWELL: INDUSTRY NEEDS TO INFORM PUBLIC ABOUT FRACKING. The Interior Secretary called the debate over fracking "not well-informed." (Paywall)


OBAMA PRAISES ZICHAL ON LAST DAY IN OFFICE. The president's top energy and climate-change advisor will be succeeded by White House Deputy Director for Energy and Climate Change Dan Utech.

OMB RELEASES SHUTDOWN IMPACT REPORT. According to the report, the shutdown prevented the Bureau of Land Management from processing about 200 applications for permits to drill on federal lands.

MONIZ: CARBON-CAPTURE IS READY. The Energy Secretary believes the technology is ready for market.

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STATES JOIN FIGHT AGAINST EPA REGS. The attorneys general of nine states, including Wyoming and West Virginia, are protesting EPA power plant regulations.

OBAMA NAMES MORE INTERIOR OFFICIALS. The president nominated Neil Kornze to oversee the department's Bureau of Land Management and Tommy Beaudreau as assistant secretary for policy, management and budget.

EPA IS GETTING INTO LABELS. First it was mileage stickers on cars, now it's information on insect repellents. And there's more to come.

HOUSE REPUBLICANS PUSH OIL SANDS GROWTH. The House Energy and Commerce committee called for approval of the Keystone XL pipeline and touted a report showing increased Canadian oil sands development.

OIL INDUSTRY PROTESTS DISCLOSURE MANDATE. The American Petroleum Institute is pushing back against a payments disclosure rulemaking.

OPEC ACKNOWLEDGES U.S. OIL BOOM. OPEC is starting to get worried that U.S. oil production will threaten its grip on the market. (Paywall)

GREEN GROUPS USE SOCIAL MEDIA TO GET MESSAGE OUT. Are environmental activists driving the conversation on fracking on social media?


WORLD BANK POLICY DISCUSSION. The Institute for Policy Studies (IPS) hosts a talk on the book Foreclosing the Future: The World Bank and the Politics of Environmental Destruction.

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