The federal government is on the verge of one of the biggest giveaways of oil and gas in American history, worth an estimated $7 billion over five years.You read that right. Royalty free.
Royalty-Free Oil and Gas New projections, buried in the Interior Department's just-published budget plan, anticipate that the government will let companies pump about $65 billion worth of oil and natural gas from federal territory over the next five years without paying any royalties to the government.
I just love America.
Oh, one other question. Remind me again what sector the President worked in before seeking public office...