Royalties to Rise for Some Offshore Wells in Advance of Democrats' Plans to Roll Back Tax Breaks
The Bush administration yesterday moved to boost U.S. oil and gas supplies by lifting a long-standing moratorium on drilling in Alaska's Bristol Bay, as OPEC accelerated plans to reduce supplies in order to prop up sagging crude prices. [Link]
This is not a surprise. But the reaction from Congress may look a little different now that there is a Democratic majority. In their remaining two years look for this administration to leave no stone unturned (literally) in their quest to open up our common resource legacy to corporate exploitation.
No comments:
Post a Comment