Fracking Ban Defeated in Illinois Even As Other Anti-Development Efforts Take Root

Arkansas Governor vetoes tax break for oil and gas industry. Utilizing the line-item-veto, Governor Mike Beebe removed a $5 million tax provision aimed at waiving sales taxes on specific fracking related expenditures from an appropriations bill passed by the state legislature.  The provision’s sponsor, State Senator Jonathan Dismang, claimed the tax provision would help encourage… More »

Ollison Fracking Report: Summary of the latest news and events impacting shale development in the US and around the globe

HBW Resources: Ollison Hydraulic Fracturing Report Below is a summary prepared by Bo Ollison, HBW Resources’ Senior Director of Policy, of publicly available activities currently underway at the federal, state and international levels that could impact the use of hydraulic fracturing for oil and gas development.  HBW Resources is monitoring these activities to ensure that… More »

What Is A Tax Expenditure? Why It Matters..

In preparation for tax reform discussions, the Joint Tax Committee produced a document tracking and explaining “tax expenditures” from 2012-2017. The report lays out estimates of many of the energy tax provisions expected to be debated later this year, many of which have already been targeted by legislative proposals. The report highlights the near quadrupling… More »

Thursday in Washington

The House and the Senate remain in recess, but concerns over the impending sequestration are keeping press offices busy at the White House and on Capitol Hill. The effort to assign blame is reaching a fever pitch as Members attempt to safeguard programs of importance to their states and districts. At the same time, preparations… More »