Northern Valley Beacon
Information, observations, and analysis from the James River valley on the Northern Plains----- E-Mail: Enter 'Beacon' in subject box. Send to: Minnekota@Referencedesk.orgTuesday, February 14, 2006
U.S. prepares to give billions to oil companies
This from the New York Times:
WASHINGTON, Feb. 13 — The federal government is on the verge of one of the biggest giveaways of oil and gas in American history, worth an estimated $7 billion over five years.
New projections, buried in the Interior Department's just-published budget plan, anticipate that the government will let
companies pump about $65 billion worth of oil and natural gas from federal territory over the next five years without paying any royalties to the government.
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