Royalty Watching - July 19, 2006
This past March, Edmund Andrews of the New York Times uncovered a potential windfall for oil and gas companies that bought leases in the Gulf of Mexico between 1996 and 2000. The federal government could forfeit approximately $80 billion in royalty payments over the next 25 years, because of the Deepwater Royalty Relief Act. Read more..
Excerpted from The Chopping Block - a biweekly email newsletter uncovering wasteful and environmentally harmful spending.
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