There has been a buzz in the media over the past couple of years about impending US energy independence. University of Dayton professor Bob Brecha has some thoughts on how likely this scenario is.
Many of us have seen or heard news stories predicting that the U.S. will become the world’s leading oil producer within a decade, and that North America as a whole could become a net exporter of oil in two decades’ time. Energy independence — a goal of U.S. administrations since the energy crises of the 1970s — may be within reach.
Governor Kasich’s proposal in his mid-biennium budget to raise taxes on oil and gas drillers in Ohio is being met with resistance from Republicans in the Ohio legislature. In this week’s PoliticsOhio, the Statehouse News Bureau’s Andy Chow tells Emily McCord that two different proposals are being debated.
Chow reports that the current tax rate on oil and gas drillers is very low compared to other states. Governor Kasich’s proposal would raise the tax to 2.75 percent. Matt Huffman (R-Lima) has a different proposal that would raise the tax to 2.25 percent.
An environmental group has discovered a controversial playbook that a state department drew up to tackle oil and gas drilling issues. The plan calls into question the relationship between a state agency and the industry it’s supposed to regulate. Now, two state lawmakers are asking for legislative hearings to further investigate hearings.