The New Washington: Law And Policy That May Affect The Value Of Unconventional Resources

There's a new administration in the White House and a new Congress on Capitol Hill. While arguments over energy policy have cooled since the $4-plus transportation-fuel prices of the summer of 2008, the alarming economic indications of US$147 oil remain apparent. What's on the agenda in Washington, and how will this affect U.S. unconventional-gas development?

President Obama's FY2010 budget is a devastating blow to energy producers.

The DOE estimates the proposed IDC and other dis-incentives to domestic oil and gas production will result in $10 billion in additional drilling costs.

Some 183,000 barrels of daily domestic oil supply and 245 Bcf of annual natural gas supply would be shut in.

Public and private royalty owners would lose some $600 million in earnings.

Featuring:

• Joel Noyes, Director of Government Relations & Industry Affairs, Independent Petroleum Association of America (IPAA)

Total Length: 00:21:12

Included: Videos, Slides