Alex Epstein

@AlexEpstein ↗

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Last Checked Sept. 28, 2022

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Wed Sep 21 17:51:04 +0000 2022

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Alex Epstein @AlexEpstein

The IRA has 4 new taxes that make oil/gas production more expensive: 1. Higher federal royalty payments 2. A high and anti-drilling min. corporate tax 3. A methane fee that penalizes US producers 4. A “Superfund” tax to pay for impacts today’s producers are not responsible for — PolitiTweet.org

Posted Sept. 21, 2022

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Alex Epstein @AlexEpstein

The world is in the midst of an energy crisis—specifically a crisis of lack of fossil fuel supply, which has increased the cost of energy and increased Europe’s dependence on Russia. To help ourselves and our allies we need to foster FF production. Instead, the IRA punishes it. — PolitiTweet.org

Posted Sept. 21, 2022

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Alex Epstein @AlexEpstein

Anytime the government adds new taxes to the oil and gas industry it is increasing costs and thereby discouraging production. To do this anytime is suspect. To do it during an energy crisis where oil and gas are desperately needed is ruinous. — PolitiTweet.org

Posted Sept. 21, 2022