California has long been and remains a major oil-extracting state. It is the largest gasoline consumer by far, at the highest prices. Its fields were yielding up hydrocarbons not long ago when oil was at $10/bbl or less, and natural gas was a drug on the market. There is much economic rent there. And . . . → Read More: A Severance Tax on California Oil?
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In the heady early ’70s, many of us sensed that tax reform was finally on its way. The sleepy public had awakened to its true interests. One of the few solid results of that climacteric was victory over the depletion allowance. For years this had been the quintessential loophole, the symbol and a citadel of . . . → Read More: Oil and Gas: The Unfinished Tax Reform Commissioner Dorgan is quite right that North Dakota, like other states, possesses a sovereign right to levy taxes in the manner of its choosing provided only that it does not discriminate against interstate commerce in a gross and overt way. I am only surprised that he feels a need to defend North Dakota’s use . . . → Read More: Intergovernmental Competition for Energy Resources  Comments are closed  Address, Publication  Energy, Leasing policy, Minerals policy, Politics, Property taxation, Public finance, Tax policy Technical Appendices A-L for Oil and Gas Leasing Policy: Alternatives for Alaska in 1977, 8 of them by Mason Gaffney. Others by Michael Crommelin, Richard Norgaard, and Robert Rooney. . . . → Read More: Appendices for Oil and Gas Leasing Policy: Alternatives for Alaska in 1977 The purpose of this report is to be of service to the Alaska State Legislature and the Department of Natural Resources in their review of oil and gas leasing policy. It is written from the State’s viewpoint. It treats the State’s interests as being frequently adverse to those of the State’s lessees, without being hostile . . . → Read More: Oil and Gas Leasing Policy: Alternatives for Alaska in 1977 To serve his citizens best, the statesman should act much like a private landowner maximizing his net income from lands. He should resist the temptation to use his power to manipulate and control, foster and suppress, divert and channel, reward and punish on the too easy presumption that the market has no rationale or normative value of its own. . . . → Read More: Objectives of Government Policy in Leasing Mineral Lands In order to protect the environment, we are going to have to face up to the chronic (and now acute) problem of mass unemployment. To save jobs and make jobs we now tolerate polluting mills and vehicles; we chew up more earth each year for energy and materials; we secure and protect mineral rights . . . → Read More: Environmental Policies and Full Employment Extractive Resources and Taxation Madison: University of Wisconsin Press, 1967. Volume One, Publications of TRED, The Committee on Taxation, Resources and Economic Development. Out of print; available micro. Includes 79 pages of “Editorial Findings” (item B, 2, hic), plus Introduction to the volume. . . . → Read More: Extractive Resources and Taxation: Editorial Findings Extractive Resources and Taxation Madison: University of Wisconsin Press, 1967. Volume One, Publications of TRED, The Committee on Taxation, Resources and Economic Development. Out of print; available micro. Includes 79 pages of “Editorial Findings” (item B, 2, hic), plus Introduction to the volume. . . . → Read More: Extractive Resources and Taxation: Introduction |