Manufacturing Industry
Democratic Takeover In Senate Positive for Natural Gas.
Underground Construction, July, 2001 by Barlas, Stephen
Conventional wisdom might say that the Democratic takeover of the Senate was a black-letter day for the natural gas industry. But that is far from true. Sen. Jeff Bingaman (D-N.M.) has introduced two "energy development" bills that are more favorable toward the natural gas industry in at least one important respect than the bill introduced by former committee chairman Sen. Frank Murkowski (R-Alaska).
The first Bingaman bill is the Energy Security Tax Incentive Act. It includes the same pipeline depreciation improvement provision that is in Murkowski's bill. But Bingaman has another provision which would allow gas producers on Alaska's Northern Slope to take a $.25 per MMBtu tax credit for gas produced and delivered into interstate commerce before Jan. 1, 2009....
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