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Politics : Politics of Energy
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To: Alastair McIntosh who wrote (24841)1/15/2011 6:56:13 AM
From: Road Walker  Read Replies (1) of 86354
 
The deduction of "intangible drilling costs” as a current business expense isn't much of a subsidy (if any).

It's actually very significant from an owner/ investor perspective, otherwise the industry wouldn't be howling like crazy at the prospect of losing it.

oilandgasjointventures.com
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