Obama Proposes New Oil Tax in FY2017 Budget

Texas Mutual

On Feb. 9, President Barack Obama released a $4.1 trillion budget proposal for fiscal year 2017 that calls for oil companies to pay a $10.25-per-barrel tax on crude oil. The proposed tax would be phased in over a five-year period, with the money going toward funding for the 21st Century…

Subscription Required

You must be a member to access this content.

View Subscriptions

Already a member? Log in here
Author Profile
Digital Content Manager - Oilman Magazine
3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

Related posts