NGSA worries that taxes, rules may choke shale development

11/25/2008 | Oil & Gas Journal

Stable tax and regulatory policies are needed in order to develop abundant domestic natural gas shale reserves, said Terrence L. Ruder, vice chairman of the Natural Gas Supply Association and a Devon Energy executive. Speaking at a Federal Energy Regulatory Commission conference, Ruder said that a windfall-profits tax could hamper capital-intensive development of new shale projects.

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