Congress and royalties

12/03/2007
Braying in Congress about a court decision on deepwater royalty relief looks more like blame-shifting than serious concern for federal revenue.Forty-three senators have sent US President George W. Bush a letter asking what his administration will do about royalty revenue they consider lost (OGJ, Nov. 26, 2007, p. 29). He might start by asking senators and representatives to get their facts straight and learn how to write law.The oil industry has reason to encourage such an effort. Congress is blaming it, too, for a problem that stems—if it really exists—from legislative ineptitude.Authority questionsThe senators wrote Bush after an Oct. 30 ruling in a federal case involving pric...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected