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The GOP tax bill is huge for the US oil and gas industry

One year ago   |   By

David McNew / Stringer / Getty Images
The GOP tax proposal is a big win for the US oil and gas industry.
On the other side of things, renewable energy could get hit hard.
The GOP tax overhaul passed both chambers of the U.S. Congress, although a lot remains to be done before a bill can reach the President's desk. Still, there are a lot of changes in store for energy, and because much of the discrepancy between the two chambers is focused on some big-ticket tax items-and not energy-we can be reasonably confident about what to expect from the legislation in regard to the energy sector.
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