US Deficit Reduction Plans Affecting Profitability of the Petrochemical Industry

Date: April 30, 2012
Pages: 5
Price:
US$ 500.00
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Publisher: GlobalData
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: UB852FCC3A9EN
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US Deficit Reduction Plans Affecting Profitability of the Petrochemical Industry
US Deficit Reduction Plans Affecting Profitability of the Petrochemical Industry

Summary

A recent energy speech by US president Barack Obama outlining government intentions to increase fossil fuel tax - citing the fiscal deficit and political unrest in the Middle East as reasons and rejecting the solution of increased domestic crude oil production - has evoked a strong reaction from the petroleum and petrochemical industries.

Increased tax on petroleum companies will translate into higher operating costs for manufacturing industries across the US. With the petrochemical industry already struggling with high operating, feedstock and labor costs, this tax hike will burden the US petrochemicals industry and will severally undermine its profitability.
Scope
  • Analyses the US Deficit Reduction Plans
  • Analyses the impact on petrochemical industry profitability


Reasons to buy
  • Understand the US tax subsidies withdrawal from fossil fuel and it impact on petrochemical industry
  • Obtain the details of US petroleum industry proposed program for lease sale
1.1 List of Tables
1.2 List of Figures

2 SUMMARY

3 HIGHER ENERGY TAX COUPLED WITH REDUCED DOMESTIC FUEL SUPPLY WILL REDUCE THE PROFITABILITY OF THE PETROCHEMICAL INDUSTRY

3.1 The US Government is Planning to Reduce Fiscal Deficit by Cutting Tax Subsidies on Fossil Fuels
3.2 Tax Liability of the Oil and Gas Companies will Increase with the Deficit Reduction Plan
3.3 Increased Cost for Energy will Reduce the Profitability of the Petrochemical Industry
3.4 Energy-Intense Ethylene Industry to be Most Affected
3.5 Huge Reserves of Untapped Crude Oil in Outer Continental Shelf Can be Used to Increase Domestic Supply
3.6 US Petroleum and Petrochemical Industries Opposed the Plan to Increase Tax Liability
3.7 Conclusion

4 APPENDIX

4.1 Methodology
  4.1.1 Coverage
  4.1.2 Secondary Research
  4.1.3 Primary Research
  4.1.4 Expert Panel Validation
4.2 Contact Us
4.3 Disclaimer

LIST OF TABLES

Table 1: The US Energy Sector, Tax Subsidies Withdrawal from Fossil Fuel ($m), 2012
Table 2: The Ethylene Industry, Average Price by Country ($/Tons), 2006–2016
Table 3: The US Petroleum Industry, Proposed Program for 2012–2017 Lease Sale Schedule

LIST OF FIGURES

Figure 1: The Ethylene Industry, Average Price by Country ($/Tons), 2006–2016
Figure 2: The US Petroleum Industry, Proposed Program for 2012–2017 Lease Sale

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