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Higher oil royalty charges expected from Obama

Fight with industry, Republicans anticipated with 2012 public lands regulations

The Obama administration may be readying for a fight with the energy industry as it prepares to raise royalty charges for oil and gas obtained from public lands—and tighten up practices that have allowed companies to pay less than they should.
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Jun 18, 2011, 12:25 pm
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where will increased royalties money go to?  WHO KNOWS? Increased rates for utilities go to consumers and increased royalties go to the feds for God knows what. What a losing situation for citizens of this soon to be 3rd world country. Bet the increased royalties don’t go to Solar power. Just have a hunch. b.b.

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