This week Wyoming’s congressional delegation cheered the demise of a bill that would have cut some tax breaks to the top five oil companies, a measure estimated to bring in $21 billion in revenue over the next 10 years..…
A 2008 analysis by Headwaters Economics — a Montana-based non-profit whose supporters include the U.S. Bureau of Land Management and the Montana Legislature — found that states with lower tax rates didn’t necessarily attract more rigs or produce more gas. Instead, drilling and production was based more on commodity prices and where quality resources are located.…
Link to Article By Dustin Bleizeffer