Save Our Energy Industry by Slashing Royalty Payments, Energy Taxes Now

Save Our Energy Industry by Slashing Royalty Payments, Energy Taxes Now
Oil pumpjacks are seen at the Huntington Beach Oil Fields in Huntington Beach, Calif., on April 20, 2020. Mario Tama/Getty Images
Stephen Moore
Updated:
Commentary

America’s domestic energy producers are under siege. The price of U.S. crude oil fell to negative territory on April 20, from roughly $50 a barrel a year ago. This collapse in price is sending nearly the entire oil and gas industry into bankruptcy.

Stephen Moore
Stephen Moore
Author
Stephen Moore is a senior fellow at the Heritage Foundation, chief economist at FreedomWorks, and co-founder of the Committee to Unleash Prosperity. He served as a senior economic adviser to Donald Trump. His latest book is “Govzilla: How the Relentless Growth of Government Is Impoverishing America.”
twitter
Related Topics