The T
George S. Patton Party
That is of course preposterous enough to dismiss without comment, but, what the hell, let's pile on some.
The Royalty Boondoggle
(published February 2010)
In 1995, when oil prices were very low, Congress tried to encourage deep-water drilling in the Gulf of Mexico by giving oil companies relief from some of the royalties they incur for producing oil and gas on public land.
It has never been clear how much new exploration this provision inspired, since steadily rising prices provided plenty of incentive. What is clear is that it has been a good deal for the industry and a bad deal for taxpayers. According to the Government Accountability Office, the provision could allow industry to escape up to $54 billion in legitimate royalties, depending on the price of oil.
Editorial - The Royalty Boondoggle - NYTimes.com
And many in the Congress are forevermore beholden to the Enviro-whackos...better known as Wayward Commies since the Soviet Fell...