Rystad Energy: 2021 last year global oil and gas taxes will approach trillion-dollar mark
From 2022, taxes will be limited to the low US$800 billion range, only ticking up in the early 2030s to about US$900 billion, before starting their final and uninterrupted decline to as low as US$580 billion in 2040 and about US$350 billion in 2050, according to Rystad Energy.