the economic implications of oil levies in U.S.?

Question

its actually a case study.we need explanations

Answer 1

The study commissioned by the legislature materialised in December 2000 as Mineral Tax Incentives, Mineral Production and the Wyoming Economy (available for download at http://eadiv.state.wy.us/mtim/StateReport.pdf). It consists of six chapters, plus an introduction, executive summary and four statistical and methodological appendices. The first chapter presents background information on the major types of taxes and royalties levied on oil and gas activities by the Federal, state and local governments in the USA, in order to provide a sense of perspective regarding the incidence of changes in the rates of various types of tax, on the one hand, and the degree of dependence that different states have towards fiscal oil income, on the other. The next two chapters are dedicated to explaining the model that constitutes the core of the report, and to simulating the effects of changes in tax policy (both in Wyoming and other producing areas). Next comes a chapter that shows how E&P activities in Wyoming have been altered due to differences in the stringency of application of environmental and land use policies in private or state lands, on the one hand, and in Federal lands, on the other. There follow two chapters dedicated to the Wyoming coal industry and its sensitivity to changes in taxes and environmental regulations. In the final chapter, the authors discuss the use of a 172-sector model for the Wyoming economy (prepared by a specialised consultancy firm called Regional Economic Models Inc.) to estimate the statewide effects of tax incentives for oil, gas and coal

Answer 2

Case Studies
Oil Levies: The Economic. Implications. B. ACKGROUND. The combination of weakening oil prices and the ... in value. U.S., IMF, and EU economic officials, ...www.wiley.com/college/shapiro/0471395307/case_studies/case_studies.pdf

Answer 3

Price will go up ,eh ?