... Section 199 and Dual Capacity rules maintain a level domestic and international playing field for U.S. oil and gas firms and, in turn, benefit the U.S. economy, as a whole. The U.S. oil and gas sector ... U.S. oil and gas companies often compete with foreign state-owned corporations. U.S. oil and gas firms are among the largest U.S. firms in terms of multinational revenues and can therefore be ... for Oil and Gas Producers,” I estimated the probable economic consequences of abolishing Section 199 and modifying Dual Capacity in terms of output, employment, wages, and state and local and...