Bloomberg: Lower Offshore Oil Royalties Urged by U.S. Advisory Panel

TCS in the newsBloomberg: Lower Offshore Oil Royalties Urged by U.S. Advisory Panel

Energy & Natural Resources,  | Quick Take
Feb 28, 2018  | 32 sec read | Print Article

“Ryan Alexander, the president of Taxpayers for Common Sense, said the committee’s recommended changes appear to reflect the wishes of industry stakeholders — not the broader public. A royalty rate decrease ‘is likely to dramatically reduce revenue for taxpayers for decades to come without any guarantee of increased industry interest’ or production.”

Read the full story by Jennifer A Dlouhy on www.bloomberg.com.

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