Obama changes fossil fuel royalty rules.
Obama changes fossil fuel royalty rules.
The Hill:
“…to get more money for the taxpayer[, t]he new regulation closes what the administration calls a ‘loophole,’ in which coal and other companies can sell their products to their own affiliates for a lower price to avoid royalty payments … ‘This rule is an important step in ensuring that fossil fuel companies pay the full costs of extracting fossil fuels from public lands and waters,’ said Marissa Knodel of Friends of the Earth.”
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One of the memes of th Age of Dubya that yanked my chain was the idea that keeping royalty rates low was somehow "more American" and allegedly "benefitted" taxpayers!
WHAT A CROCK!
While it doesn't surprise me that the extraction industry, their shills, and their propaganda wh•••s would push this pile of t*rds, it astonishes me to this day that so many right-wing voters were fool enough to believe it. Those minerals, timber, coal, and oil are our common property, and how so-called "conservatives" would believe in shorting themselves astonishes me.
You have an asset, you try and get the best price for it, right?
But not in right-wing la-la land.
I hope the Obama administration does the right thing for American citizen-taxpayers, which the previous administration shamelessly failed to do.
