US Tax Overhaul Means Billions For US Oil INdustry

[Rodent + 1,424]

Wood Mac estimates that US oil industry will see 190 billion from the tax overhaul.

http://www.chron.com/business/energy/article/Trump-tax-plan-a-190b-boost-to-oil-industry-12539700.php

 

[LAOIL + 33]

So, my understanding is that it depends on where you're sitting and what you're sitting on. The reform also limits deductions for past losses and asks states to increase fees on local production. I think the big attraction is that it could bring in international money because it reduces taxes on repatriating funds in the US.

[TraderTate + 186]

yeah, depends who you ask: Alaska isn't keen on the increase in taxes because they think it's going to hurt their reputation ...

 

http://www.alaskajournal.com/2018-01-31/oil-tax-bill-gets-chilly-reception-industry#.WnJX-pM-f_Q