A bureaucratic oversight has allowed 24 oil companies to avoid more than $1.3 billion in royalties for the privilege of extracting oil and natural gas from U.S. territory in the Gulf of Mexico - with foreign companies responsible for 55 percent of that total. But this $1.3 billion in forgone royalties pales in comparison to the $60 billion that Americans stand to lose in royalty revenue over the life of these leases. |
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Erik Larson, Human Being and concerned Citizen. I only advocate and practice non-violent methods of social and political activism & change.
Disclaimer: Opinions expressed here by me in my articles and diaries are my own. I do my best to only (
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