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Summer Reading

by Michael Levi Tuesday, August 17, 2010

I’m traveling for the next couple weeks and so will be posting lightly (at best). In lieu of analysis, here are a few things I’ve been reading that I’d encourage others to look at too:

Evaluation of Proposed Tax Changes on the US Oil & Gas Industry”, Wood MacKenzie for API. Fine-grained analysis of how tax changes proposed by the administration would affect production. The administration has argued that since the value of the tax changes is a small fraction of the value of oil and gas produced, the impact would be minimal. So far, industry has given hand-waving arguments to the effect that that since the tax changes would affect different plays and fields differently, the impact could be much larger. This study puts some meat on those bones. It’s pretty convincing at first glance. (And it’s mercifully short.) Read more »