--- title: "Meaning & Key Takeaway of: The extraction tax is based in part on…" description: "\"The extraction tax is based in part on production times the market value at the wellhead, so any downturn in the market price is going to be a mathemat..." image: "https://sms4smile.com/quotes/i/8f4/tom-wolf-60307_concern_the-extraction-tax-is-based-in-part-on-p_1502902.jpg" --- # The extraction tax is based in part on production times… ![“The extraction tax is based in part on production times the market value at the wellhead, so any downturn in the market price is going to be a mathematical impact on the shale tax. But beyond that, it also concerns me because it also impacts the health of the industry.” quote by Tom Wolf](https://sms4smile.com/quotes/i/8f4/tom-wolf-60307_concern_the-extraction-tax-is-based-in-part-on-p_1502902.jpg) [Download](https://sms4smile.com/quotes/i/8f4/tom-wolf-60307_concern_the-extraction-tax-is-based-in-part-on-p_1502902.jpg) [Open image](https://sms4smile.com/quotes/i/8f4/tom-wolf-60307_concern_the-extraction-tax-is-based-in-part-on-p_1502902.jpg) > “The extraction tax is based in part on production times the market value at the wellhead, so any downturn in the market price is going to be a mathematical impact on the shale tax. But beyond that, it also concerns me because it also impacts the health of the industry.” [Tom Wolf](https://sms4smile.com/quotes/author/tom-wolf/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The tax formula ties revenue to production and market price, so lower prices reduce tax income and can harm the industry's health. **In simple terms:** Tax depends on price and production; price drops hurt revenue and industry health. Key Takeaway Monitor market trends and consider tax adjustments. Themes economics energy policy industry health Mood concerned analytical Type policy economic When to use this quote - budget planning - energy sector analysis - policy making - financial forecasting Key Concepts taxation price elasticity market volatility Questions to Reflect On - How can tax policy be made more resilient to price swings? - What safeguards protect industry health during downturns? A Different Perspective Price volatility can destabilize revenue and affect industry stability. ★ ★ ★ ★ ★ No ratings yet [Climate](https://sms4smile.com/quotes/about/climate/) [Downturn](https://sms4smile.com/quotes/about/downturn/) [Impact](https://sms4smile.com/quotes/about/impact/) [Industry](https://sms4smile.com/quotes/about/industry/) [Investing](https://sms4smile.com/quotes/about/investing/) [Taxes](https://sms4smile.com/quotes/about/taxes/) [Time](https://sms4smile.com/quotes/about/time/) [Values](https://sms4smile.com/quotes/about/values/) ## Related quotes > [...the science of calculation also is indispensable as far as the extraction of the square and cube roots: Algebra as far as the quadratic…](https://sms4smile.com/quotes/thomas-jefferson/the-science-of-calculation-also-is-indispensable-as-far-as-the/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [We live in this culture of endless extraction and disposal: extraction from the earth, extraction from people's bodies, from communities, as if there's no…](https://sms4smile.com/quotes/naomi-klein/we-live-in-this-culture-of-endless-extraction-and-disposal-extraction/) [Naomi Klein](https://sms4smile.com/quotes/author/naomi-klein/) > [The hardest single part of building a software system is deciding precisely what to build the most important function that software builders do for…](https://sms4smile.com/quotes/fred-brooks/the-hardest-single-part-of-building-a-software-system-is-deciding-2/) [Fred Brooks](https://sms4smile.com/quotes/author/fred-brooks/) > [While we've doubled renewable energy, it was only a tiny portion of the energy portfolio to start with. But what we did was totally…](https://sms4smile.com/quotes/jill-stein/while-we-ve-doubled-renewable-energy-it-was-only-a-tiny-portion-of/) [Jill Stein](https://sms4smile.com/quotes/author/jill-stein/) > [The land is ours. It's not European and we have taken it, we have given it to the rightful people... Those of white extraction…](https://sms4smile.com/quotes/robert-mugabe/the-land-is-ours-it-s-not-european-and-we-have-taken-it-we-have-given/) [Robert Mugabe](https://sms4smile.com/quotes/author/robert-mugabe/) > [I'm Irish and very proud of being Irish, but as an actor, your extraction should be secondary, really. You should be able to embody…](https://sms4smile.com/quotes/cillian-murphy/i-m-irish-and-very-proud-of-being-irish-but-as-an-actor-your/) [Cillian Murphy](https://sms4smile.com/quotes/author/cillian-murphy/) > [My father is Jewish, and I look exactly like him My mother is British, but she's of French extraction.](https://sms4smile.com/quotes/joan-collins/my-father-is-jewish-and-i-look-exactly-like-him-my-mother-is-british/) [Joan Collins](https://sms4smile.com/quotes/author/joan-collins/) > [TOOTHACHE: The pain that drives you to extraction.](https://sms4smile.com/quotes/nikhil-saluja/toothache-the-pain-that-drives-you-to-extraction/) [Nikhil Saluja](https://sms4smile.com/quotes/author/nikhil-saluja/) > [Politicians are addicted to spending and revenue extraction. As with an addict, there's little pause for moral or legal contemplation.](https://sms4smile.com/quotes/david-malpass/politicians-are-addicted-to-spending-and-revenue-extraction-as-with/) [David Malpass](https://sms4smile.com/quotes/author/david-malpass/) > [Put simply, if we do not redirect our extraction and production systems and change the way we distribute, consume, and dispose of our stuff…](https://sms4smile.com/quotes/annie-leonard/put-simply-if-we-do-not-redirect-our-extraction-and-production/) [Annie Leonard](https://sms4smile.com/quotes/author/annie-leonard/) > [Theatre is a concentrate of life as normal. 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Therefore there're grounds to talk about…](https://sms4smile.com/quotes/viktor-khristenko/this-is-a-unique-deposit-not-just-in-terms-of-reserves-but-also-in/) Viktor Khristenko > [I love graffiti because it enables kids from every social extraction to do something that brings them closer to art, when they normally wouldn't…](https://sms4smile.com/quotes/barry-mcgee/i-love-graffiti-because-it-enables-kids-from-every-social-extraction/) [Barry McGee](https://sms4smile.com/quotes/author/barry-mcgee/) > [You want me to admit I'm a four-foot, six-inch freckle-faced person of Jewish extraction? I admit it. All but the extraction. 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