Instead of raising their taxes, oil producers say the government should open up more offshore and onshore territory for exploration, a step the industry says would lead to billions of dollars in additional royalties. But some Democrats note recent government audits have questioned how effectively the US tracks domestic oil production, and have found cozy relations between industry officials and government royalty collectors. |
Read the rest of the story HERE:

At online.wsj.com
Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.