Energy Industry Terms

noun a tax deduction that allows businesses to account for the reduction in value of natural resources as they are extracted or used up

• The company was able to benefit from the depletion allowance provided by the government.
• The company got a tax break thanks to the depletion allowance.
• The company scored a sweet deal with the depletion allowance.
• The depletion allowance acted as a shield against excessive taxation for the company.

noun a person or thing of great energy, strength, or power

adjective having great power or strength

• The new factory is considered a powerhouse in the manufacturing industry.
• She's a real powerhouse when it comes to organizing events.
• That team is a powerhouse on the basketball court.
• Her determination and drive make her a powerhouse in the business world.

noun a stopping of operations or activity, typically as a result of a problem or emergency

verb to cause something to stop operating or functioning

• The government announced a temporary shutdown of non-essential services.
• My computer crashed and had to undergo a shutdown.
• I can't believe the party got shut down by the cops.
• After the breakup, she felt like her heart had undergone a complete shutdown.

verb to ring or sound a bell slowly and repeatedly, typically for a funeral or at a time of mourning

• The tolling of the church bells could be heard throughout the village.
• I heard the tolling of the bells as I walked by the church.
• The tolling of the bells woke me up this morning.
• The tolling of the clock symbolizes the passing of time.