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Definitions

depletion allowance



Example Sentences

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Like the depletion allowance, the quota system is also justified as a means of encouraging exploration for more domestic reserves.

From Time Magazine Archive

President Nixon has proposed that Congress repeal the U.S. depletion allowance for oil wells located abroad.

From Time Magazine Archive

One reason is that oil companies have less money to spend: Congress has eliminated most of their depletion allowance, and their profits have dropped.

From Time Magazine Archive

Nothing is more sacred to many Congressmen than the depletion allowance.

From Time Magazine Archive

While industry lobbyists still protested the impending death of the depletion allowance, some individual oil executives were pleased to fend off a much harder blow.

From Time Magazine Archive