API to launch TV ads in support of oil, gas tax incentives

11/7/2011 | FuelFix.com

The American Petroleum Institute will kick off a television ad campaign this week criticizing proposals to eliminate tax incentives for oil and natural gas companies. "We want to take every opportunity to reinforce that the oil and natural gas industry presents a large part of the solution as the supercommittee seeks to address deficit reduction," said Jack Gerard, API's president and CEO. The U.S. should instead pass "pro-development policies," such as allowing drilling in restricted sites, to generate money, Gerard said.

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