EnergyFactor By ExxonMobil | Pespectives has a new home

Archives

All Posts from March, 2012

I’ve talked a lot about how shale gas development is transforming energy markets, sparking economic activity, and helping meet our shared environmental goals. As the industry continues to grow, it’s important that local and state governments maintain their capacity for appropriate oversight and regulation. A continued focus on safe operations – from both industry and government – will allow Americans to keep benefiting from the jobs and revenue created by development of this lower-emission fuel source. That’s the idea behind a noteworthy new training initiative announced yesterday by several leading American universities …

More good news about innovation and progress in oil sands development came from Canada late last week. In Calgary, the chief executive officers from 12 oil sands-producing companies – including ExxonMobil’s affiliate Imperial Oil – signed a charter to create Canada’s Oil Sands Innovation Alliance (COSIA). This organization is designed to pool companies’ expertise in oil sands technologies and processes and build upon the independent research and development already taking place.


Let’s be clear: The U.S. oil and natural gas industry does not receive special “subsidies” or “preferences.” Such claims simply don’t accord with the facts. The fact is that what some call “subsidies” are legitimate provisions of the U.S. tax code that treat our industry the same as other industries. The efforts to prevent oil companies from accessing these provisions achieve nothing but raising the tax burden on the companies that find, produce and manufacture the fuels that are the foundation of the U.S. economy.

As I’ve said before, consumers are understandably frustrated by higher gasoline prices – but no one benefits when discussion about this issue ignores the facts for political reasons. In the Washington Post earlier this week, commentator Charles Lane asks Americans to “Please, everyone, just ignore this blather” when it comes to political grandstanding about gasoline prices. Instead, he says to take a look at what’s really driving the rise in gasoline prices …


  • Worth a deeper look...