“A new study by the Energy Policy Research Foundation Inc. (EPRINC), Washington, DC, challenges the rationale offered by the Treasury Department for tax changes that would hurt small producers and major companies alike. In fact, EPRINC says, the changes would have costly effects directly opposed to the administration’s assertions……Diminished security. Increased emissions of greenhouse gases. Net economic losses. Hampered ability of an important manufacturing industry to compete in its home market. These can’t be outcomes the administration had in mind when it proposed its first federal budget. They are very real possibilities, however, which must be taken seriously.”
The full article can be accessed at the Oil & Gas Journal’s website: Editorial: Unsound Energy Thinking