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Biden Calls For Raising Taxes On Oil Drillers Amid Energy Crisis

March 29, 2022 7:15 pm

President Joe Biden’s budget proposes to scrap more than $45 billion in fossil fuel subsidies, his administration’s latest attack on the beleaguered industry. The White House budget will remove more than a dozen fossil fuel industry tax credits, increasing the …

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Goldman Sachs: U.S. Drillers Aren’t Hedging Enough

March 29, 2019 6:30 pm

By Irina Slav Oil producers in the United States are not hedging enough future production while oil prices trend higher, Goldman Sachs has warned. According to the investment bank, drillers were now focusing more on shareholder returns and improving cash flows …

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