Wisconsin Eyes New Tax on Big Oil
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Gov. Jim Doyle floats the idea of extracting $270 million from oil companies while prohibiting them from passing the pinch along at the pump. By the Associated Press.
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By Scott Miller, The Pantagraph, Bloomington, Ill.  May 26--BLOOMINGTON -- Opponents of a proposed crude-oil pipeline in Central Illinois face a costly uphill battle.   Mark McCormick of Woodstock knows.
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The U.S. Energy Department on  Wednesday put itself on a collision course with Senate  Democrats with a plan to buy more oil for its strategic reserve  even as prices hover near $90 a barrel.
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Four lucky states were slated to share billions in potential royalties courtesy of an offshore drilling expansion signed into law last year, money that could help reverse decades of environmental damage from coastal industry. But as budget planning gets under way, the states are beginning to realize that Congress gave them far more freedom in spending the windfall than the political rhetoric in Washington suggested.
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Russian tax authorities yesterday scheduled the equivalent of a fire sale at what was once the nation&#39;s largest oil company, offering the main production facility at Yukos Oil
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Oil may cost as much as 10 percent less next year if US Democratic challenger Senator John Kerry defeats President Bush in Tuesday&#39;s election, some energy analysts said on Monday.
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By H. JOSEF HEBERT WASHINGTON - A push from Congress and the White House for huge increases in biofuels, such as ethanol, is prompting the oil industry to scale back its plans for refinery expansions. That could keep gasoline prices high, possibly for years to come.
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The U.S. Senate on Tuesday rejected  contentious incentives to convert coal into liquid transport  fuels, as tax-writers proposed giving $32.1 billion in new  incentives to produce cleaner energy, and sticking Big Oil with  most of the bill in the form of new taxes.
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Oil may cost as much as 10 percent less next year if U.S. Democratic challenger Senator John Kerry defeats President Bush in Tuesday's election, some energy analysts said on Monday.
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SAN FRANCISCO (CBS.MW) -- Crude futures headed higher Tuesday to close at a new historic level near $47 a barrel, following news that a Russian court has rejected a plea from oil giant Yukos to suspend government efforts to collect a $3.4 billion tax ...
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W. Bush raises the prospect of continued high demand in the world&#39;s biggest energy consumer. this week on speculation that a win by Democrat Senator John Kerry could usher in lower prices.
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ONALASKA, Wis.  - President Bush charged on  Tuesday that Democrat John Kerry's proposals would raise taxes  for small business owners and hurt job creation as he went on a  bus tour through Wisconsin and Iowa, two states that have not  voted Republican in 20 years.
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In their weekly radio address, Democrats yesterday  called for a new direction in energy policy, away from gas-guzzling automobiles and reliance on foreign oil.
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Oil futures prices advanced to a new high Monday as a strike began in Africa's largest exporter of crude, exacerbating global supply concerns at a time of strong demand and reduced output in the hurricane-ravaged Gulf of Mexico.    Worries about Russian oil supplies also persist as oil giant Yukos, already struggling to repay a multibillion-dollar back-tax bill, got hit Monday with $1.34 billion in fines...
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The U.S. House of Representatives  next week could weigh legislation that extends tax incentives  to use renewable energy sources like wind and solar and slaps  new taxes on big energy companies, Democratic aides said on  Friday.
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U.S. drivers would pay a 50-cent tax on each gallon of gasoline they pump to encourage less fuel use and cut greenhouse gas emissions, under draft legislation to fight global warming released on Thursday.
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The price of crude oil broke into new  record territory above $52 Thursday on heightened concerns that  supplies of heating fuels will prove inadequate during the  northern hemisphere winter.