
“From Pennsylvania to North Dakota, a powerful argument for allowing extensive new drilling has been that royalty payments would enrich local landowners, lifting the economies of heartland and rural America. The boom was also supposed to fill the government’s coffers, since roughly 30 percent of the nation’s drilling takes place on federal land. Over the last decade, an untold number of leases were signed, and hundreds of thousands of wells have been sunk into new energy deposits across the country. But manipulation of costs and other data by oil companies is keeping billions of dollars in royalties out of the hands of private and government landholders.”
Related posts:
Minnesota's Snowbird Tax
University in Cyprus First to Accept Bitcoin Payments, Offer Bitcoin Degree
NSA Spying to Cost US IT Companies $47 Billion Over Three Years
Homeland Security mass US citizen face-scanning program rolled out in Orlando
Seven killed, hundreds injured in new round of dueling protests in Egypt
Trump comes out in support of Ex-Im Bank, reversing campaign rhetoric
Greek island authorities denounce attack on tax police
West Virginia residents sickened after exposure to 'safe' water
'Hacker heroin frame plot' foiled by security blogger
The Ron Paul Channel: libertarianism 'unfiltered and uninterrupted'
Microsoft and Google to sue over U.S. surveillance requests
Zimbabwe to Seize Mines While Compensating Banks
Senate bill rewrite lets feds read your e-mail without warrants
Decoding Bitcoin
How many bites do YOU take per day? New device helps you keep track