2 ms·
$0.1 tax per barrel of oil for anyone interested. It's about a ~0.15% revenue tax at current oil prices. I would put this in the category of almost entirely b
by onlyrealcuzzo 3y ago
$0.1 tax per barrel of oil for anyone interested.
It's about a ~0.15% revenue tax at current oil prices.
I would put this in the category of almost entirely benefiting whoever has the right connections to the right politicians - with a meaningless tax to make it appear otherwise.
- alach11 3y agoThe royalty interest is probably the largest take for the government in this case. Typically that would be between 15% and 20% of the gross revenue generated by the leases.
- balderdash 3y ago25% is pretty common, I’ve seen 28%
- JumpCrisscross 3y ago> It's about a ~0.15% revenue tax at current oil prices Out of curiosity, what is it on gross profit per barrel?
- balderdash 3y agoI think lifting cost are like ~$15/bbl so at $60/bbl (ex royalties on $80)it’s about double, but still not much, but you have to factor in the capital costs / IRR math, and that’s where it has the bigger impact - but no one is really making a marginal decision based on this