Oil industry: Increased fees could kill jobs
by Associated Press
Published: September 15,2010
GULF OF MEXICO — The oil and gas industry says an Obama administration plan to double fees charged for inspections of offshore operations could cost jobs.
American Petroleum Institute president Jack Gerard says the industry recognizes the need for improved inspections and oversight following the BP oil spill. But he says doubling the fees isn’t appropriate.
The White House has asked Congress to approve the higher fees as part of a request for $80 million in new spending for the agency that oversees offshore drilling.
The proposal would more double the amount collected from oil and gas companies, to $45 million next year from about $20 million this year.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Prescription for success — Transcript Pharmacy continues fast growth
- MSU researchers develop timber-management software
- New law on taxing methods hailed as big win for businesses
- Panther Creek megasite — Putting a value proposition out there
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Panther Creek's location in medical industry zone boosts bio-med prospects
- BBB issues warning involving asphalt paving scam
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody