It’s one thing to talk about energizing the U.S. economy, it’s another to walk the talk. America’s oil and natural gas industry is doing that, with four companies ranked in the top 10 of the Progressive Policy Institute’s list of leaders in U.S. capital spending in 2013. PPI’s top 25: As you can see, ExxonMobil ($11.07 billion),… Keep reading →
Governments of resource-rich countries commonly fill their coffers via royalties, taxes and other fiscal mechanisms that allow them to benefit from their national endowments. But while a well-designed fiscal regime can benefit both producers and residents, excessive government take can force producers to look elsewhere for returns, stifling investment. When governments establish fiscal terms for… Keep reading →
