Royalty rates for drilling on public lands still too low, new report says

When it comes to getting top dollar for the taxpayer from energy and mineral resources on public lands, the federal government’s approach is a lot like that of the morbidly obese relative you see scarfing down a third helping of pumpkin pie at Christmas. Every year there’s a promise to do better, New Year’s resolutions are made, and by the first of February the new diet’s blown all to hell. A recent report from the U.S. Government Accountablity Office is the latest version of a familiar story: The feds are trying to do better, but royalty rates for oil and gas drilling still aren’t what they should be.

via Royalty rates for drilling on public lands still too low, new report says.

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