Energy Investing - Biden Plan to End Fossil Fuel Subsidies Faces Big Challenges - Energy Investing - InvestorVillage
This is a semi-private group. You are free to browse messages, but you must be a member of this group to post messages. Join This Group

Group: Energy Investing   /  Message Board  /  Read Message

 
 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  299253 of 306412  at  12/1/2020 7:07:55 PM  by

mktownson


 In response to msg 299247 by  Hombre77
view thread

Re: Biden Plan to End Fossil Fuel Subsidies Faces Big Challenges

Without the ability of the industry to directly write off their intangible (drilling costs...all costs other than equipment) expenses in the year that they were realized will cause the industry to be deader than dead.

This is what they did in the mid 1980's. They kicked us when we were already down. State severance taxes were allowed to even overlap the loss of intangible deductions.

Basically it was like....go drill it, if you drill a dry hole you will need to depreciate it over 7 years. If you hit a well....we will tax you into poverty.

This all led to $147 oil. Just saying.


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 47     Views: 0
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
299282 Re: Biden => Bullish For Oil Price, Bearish For US Producers MontyHigh 9 12/2/2020 8:13:13 AM
299356 Re: Biden Plan to End Fossil Fuel Subsidies Faces Big Challenges newtoboard 5 12/2/2020 3:35:36 PM








Financial Market Data provided by
.
Loading...