While energy prices have soared into the stratosphere, Bushco
is keeping our nation from sharing in the profit.
Oil companies extracted more than 60 billion in the past 5 years.
But our government royalty payments are kept down.
". . .an often byzantine set of federal regulations, largely
shaped and fiercely defended by the energy industsry itself,
allowed companies producing natural gas to provide the Interior
department with much lower sale prices - the crucial determination
for calculating government roalties - than they reported to their
shareholders.
As a result, the nation's taxpayers, collectively the biggest owner
of American oil and gas reserves, have missed much of the recent
energy bonanza."
http://www.nytimes.com/...
I can't figure out why this isn't being picked up on in the blogs.