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:

Tuesday, 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.

Comments: Post a Comment

<< Home


May 2005   June 2005   July 2005   August 2005   September 2005   October 2005   November 2005   December 2005   January 2006   February 2006   March 2006   April 2006   May 2006   June 2006   July 2006   August 2006   September 2006   October 2006   November 2006   December 2006  

This page is powered by Blogger. Isn't yours?