7 min listen
Oil majors come out ahead on Inflation Reduction Act; outlook for independents ‘not as rosy’
Oil majors come out ahead on Inflation Reduction Act; outlook for independents ‘not as rosy’
ratings:
Length:
12 minutes
Released:
Aug 29, 2022
Format:
Podcast episode
Description
Oil and natural gas industry groups were not pleased with the Inflation Reduction Act, signed into law Aug. 16, despite some positive elements for the sector, including provisions to ensure more oil and gas lease sales and expand carbon capture tax credits. Among their main objections are the new 15% corporate minimum tax; the expansion of Superfund excise taxes to crude oil and petroleum products; a methane fee; and increased fees tied to federal oil and gas leasing. So what do these provisions actually equate to in terms of costs to the industry and production impacts? S&P Global Commodity Insights’ Rene Santos, manager of North America supply analytics, joined the podcast to discuss just that. Stick around after the interview for Starr Spencer with the Market Minute, a look at near-term oil market drivers.
Released:
Aug 29, 2022
Format:
Podcast episode
Titles in the series (100)
How losing in the short term could be a slam dunk for oil production: What does a plan by Saudi Arabia have to do with bad basketball? This week, on Capitol Crude, Platts senior editors Brian Scheid and Herman Wang compare the OPEC powerhouse's possible plan to assert its leading role in the world oil market to the strategy by Capitol Crude: The US Energy Policy Podcast