Live Commodities
Live Commodities
Symbol (CFDs)
Month
Last
Prev.
High
Low
Chg.
Chg. %
Time
Jul 24
82.44
82.51
83.76
81.58
-0.44
-0.53%
11:22:00 | Energy
Jul 24
78.27
78.19
78.41
77.36
-0.39
-0.50%
11:22:00 | Energy
Jun 24
2.720
2.659
2.726
2.609
+0.049
+1.83%
11:22:00 | Energy

TIPRO NEWS RELEASES AND STATEMENTS

TIPRO STATEMENT ON PRESIDENT BIDE’S WINDFALL TAX ANNOUNCEMENT

Austin, Texas — In response to President Joe Biden’s announcement he would support a windfall tax on profits of oil and gas companies, Ed Longanecker, president of the Texas Independent Producers & Royalty Owners Association (TIPRO) issued the following statement:

“A windfall profit tax targeting U.S. oil and natural gas producers is yet another effort in a growing list of misguided domestic energy policies that will have many unintended consequences for consumers and our economy. We must not doom ourselves by embracing the policy mistakes of the 1980s – where a similar tax ultimately resulted in lower domestic energy production, a higher reliance on foreign sources of energy, and runaway inflation. If we want to encourage energy production, America should be embracing policy that encourages Texas producers – not punishes them.”

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