Interior proposes lower shale royaltiesDraft rules recommend rates as low as 5% as incentive for oil shale development on federal lands in Colorado, Utah, Wyoming
By DINA CAPPIELLO Associated Press Writer
The Bush administration has proposed charging energy companies wanting to squeeze oil out of vast shale deposits in the West lower royalties than they pay for drilling on other federal lands, including offshore in the Gulf of Mexico and Alaska.
In draft rules issued July 22, the Interior Department....
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Congress blocked rules Interior offers alternatives
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