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Politics : Politics of Energy
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To: RetiredNow who wrote (5605)3/4/2009 6:09:09 PM
From: Brumar89  Read Replies (1) of 86355
 
Sure they can capitalize and deduct IDC as depreciation or when written off in the event of a dry hole, just like the present treatment on overseas drilling costs. The key thing is it hurts domestic drillers and will reduce domestic production, not foreign production though.
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