Salazar defends proposed increased costs for producers

03/08/2010
US Interior Secretary Ken Salazar defended plans to increase oil and gas royalties and fees on federal leases as he testified Mar. 3 before a US Senate committee on his department's fiscal 2011 budget request. He did not respond directly to one senator's strong attack on the Obama administration's proposed oil tax reforms, however.Salazar also told the Energy and Natural Resources Committee that the US Department of the Interior is moving as quickly as possible to complete a new 5-year Outer Continental Shelf plan as it simultaneously tries to resolve problems with the current one. "The OCS and how we move forward has been one of the huge issues within the DOI. We hope we can make an...
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