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The wrong energy fix
06/18/2007
Minor tweaks won’t fix the Energy Policy Act of 2005 (EPACT). But no one believes HR 2337 is really about fixing flawed energy law.The bill, approved last week by the House Natural Resources Committee, would repeal a few of EPACT’s minor triumphs. The oil and gas measures deal with processing fees for drilling permits, categorical exclusions from environmental statutes, royalty-in-kind payments to the federal government, federal offshore audits, split-estate issues on federal leases, various fees, regulation of produced water, and leasing of oil shale and tar sands acreage. They all would bruise oil and gas companies.That the law would contradict US interests in the developmen...
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