The U.K.’s new chancellor, Rachell Reeves, recently announced that the windfall tax (formally known as the Energy Profits Levy) will be increased to 38 percent (up from 35 percent) on November 1, bringing the rate of tax on upstream oil and gas activities to 78 percent. The tax will also be extended to 31 March
Read More...On the one-year anniversary of the United Kingdom’s windfall tax announcement, Energy in Depth examines the negative impact the tax has had on the North Sea oil and gas industry and continued investment. The policy, which effectively brings the total tax on oil and natural gas production in the United Kingdom to 75 percent, has
Read More...Biden War on Oil and Gas Yields Record High Energy Prices David Blackmon Editor, Shale Magazine Co-Host, The Oil Patch Radio … … [Editor’s Note: Joe Biden is an angry flailing zombie shoved into a Presidency he can’t handle. His oil and gas policies reflect it, portending apocalypse ahead for consumers.] Seemingly determined to repeat
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