Budget Would Give Oil Industry $7 Billion of Oil From Federal Lands – With No Royalties

Via DailyKos:

The federal government is on the verge of one of the biggest giveaways of oil and gas in American history, worth an estimated $7 billion over five years. New projections, buried in the Interior Department’s just-published budget plan, anticipate that the government will let companies pump about $65 billion worth of oil and natural gas from federal territory over the next five years without paying any royalties to the government.

This entry was posted in Oil on by .

About Andy

Gay Hoosier Taurus INFJ ex-playwright pianist gymbunny published author in San Francisco. Tw · Fb

3 thoughts on “Budget Would Give Oil Industry $7 Billion of Oil From Federal Lands – With No Royalties

  1. geoman

    Andy, you forgot to mention that they’re still getting millions and millions of dollars in subsidies from the feds, too…how many different ways can you say ‘ouch’…

  2. Timp

    This is just Fucking stupid. A ten billion profit already, and they now are gettting a freebie? Fucking hell, make them pay double! Why are we standing for this rape of our own country, and allowing these dickheads to get away with taking money from where it’s needed.

Comments are closed.