What should be done about the gas and oil royalties?
"Oil and gas companies that lease federal lands and waters typically pay fees, known as royalties, to the federal government based on a percentage of the oil and gas that they produce. But more than 1,000 leases signed during the Clinton administration for deep water drilling in the Gulf of Mexico excluded royalty fees, allowing companies to walk away with the entire profit from the sale of oil and gas produced when prices soared." NASDAQ
Use the resources at Crude Awakening at NOW to begin to explore this issue.
| House Energy Bill | Energy Policy act of 2005
Watch Crude Awakening | Activist defends his lease tactics
Should these royalties be adjusted?
Should the government be giving away or leasing at below market value, property that belongs to the taxpayers?
Are the oil companies making "excessively high" profits?
Clean Energy Act 2007 H.R. 6 passed the U.S. House by a 264-163 vote. H.R.6
How to track Federal Legislation using THOMAS
Energy Forecasts to 2030 - CSPAN free online video | U.S. Energy Information Administration
Your America: Take action resources
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updated 1/2007, posted 11/2003 Cynthia J. O'Hora
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