IOGCC report shows states reaping huge returns from oil, gas incentivesStudy found that producing states suffered $60 billion loss from combined effects of falling oil prices, falling gas prices, decline in drilling activity Petroleum News Alaska
A study released in early December by the Interstate Oil and Gas Compact Commission shows that government-supported incentives for oil and gas production have yielded huge returns on investments for states.
The report, “Against the Wind: The Economic Impact of Incentives during the Oil Price Collap....
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Multi-billion indirect impact generated Tax or royalty reductions offered Beneficiaries of low prices Americans, Iraq
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