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2. Oil depletion allowance - Wikipedia

   en.wikipedia.org/wiki/Oil_depletion_allowance

   The oil depletion allowance in American (US) tax law is a tax break claimable by anyone with an economic interest in a mineral deposit or standing timber. [citation needed] The principle is that the asset is a capital investment that is a wasting asset, and therefore depreciation can reasonably be offset (effectively as a capital loss) against income.

3. Business Energy Investment Tax Credit - Wikipedia

   en.wikipedia.org/wiki/Business_Energy_Investment...

   Large revenue losses associated with the oil and gas tax preferences compared to federal deficit cuts, the oil embargo of 1973, and the Iranian Revolution from 1978-1979 led to a shift in energy policy to alternative energy and conservation. The first major change was the reduction of IDCs and percent depletion for the oil and gas companies.

4. Energy subsidy - Wikipedia

   en.wikipedia.org/wiki/Energy_subsidy

   Energy subsidies are measures that keep prices for customers below market levels, or for suppliers above market levels, or reduce costs for customers and suppliers. [1] [2] Energy subsidies may be direct cash transfers to suppliers, customers, or related bodies, as well as indirect support mechanisms, such as tax exemptions and rebates, price controls, trade restrictions, and limits on market ...

5. Tax relief for oil and gas firms ‘could have insulated two ...

   www.aol.com/tax-relief-oil-gas-firms-093312382.html

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6. Gas rebates are coming to California drivers thanks to $50 ...

   www.aol.com/gas-rebates-coming-california...

   Drivers in 10 California counties can get gas rebates due to a price gouging settlement between the state and three gas trading firms.. In 2020, the California Department of Justice sued Vitol ...

7. State tax and rev lauded for oil and gas compliance tool

   www.aol.com/state-tax-rev-lauded-oil-033200606.html

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8. Income trust - Wikipedia

   en.wikipedia.org/wiki/Income_trust

   Enerplus Resources Fund (Canada: oil and natural gas; properties both in Canada and the U.S.) Harvest Energy Trust Canada: 70% oil, 30% natural gas, and also owns a refinery) Permian Basin Royalty Trust (US: Texas, oil and gas) Penn West Energy Trust (Canada: oil and gas) Pengrowth Energy Trust (Canada: oil and gas, including oil sands)

9. Column: Newsom wants to tax oil companies for soaring gas ...

   www.aol.com/news/newsom-wants-tax-oil-companies...

   As California prices surged in recent days, Gov. Gavin Newsom proclaimed that he wanted to retaliate against oil moguls by imposing a windfall profits tax and returning the money to drivers.