Revenue-Sharing Could Sink US Energy Bill

"The notion that the coastal states should get 37.5% royalties on an asset that belongs to all the states is preposterous," Sen. [Byron Dorgan] (D-North Dakota), chairman of the Senate Budget Committee said in an interview Tuesday. "Those assets belong to all the states, not just the...

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Bibliographic Details
Published inOil Daily
Format Trade Publication Article
LanguageEnglish
Published Washington Energy Intelligence Group 21.04.2010
Subjects
Climate change
Energy
Federal funding
Legislation
Revenue sharing
Royalties
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Summary:"The notion that the coastal states should get 37.5% royalties on an asset that belongs to all the states is preposterous," Sen. [Byron Dorgan] (D-North Dakota), chairman of the Senate Budget Committee said in an interview Tuesday. "Those assets belong to all the states, not just the coastal states. Our caucus is not going to want that in the bill."
ISSN:1529-4366