OIL AND GAS ROYALTY REPORT: "YELLOW LIGHT" FOR FEDS
WASHINGTON, DC - The General Accounting Office (GAO) has determined that the Department of the Interior's pilot oil and gas program allowing the government to take royalties in barrels of oil rather than cash has produced mixed results, according to U.S. Representatives. Nick J. Rahall (D-WV), who serves as the Ranking Democrat on the House Resources Committee which has jurisdiction over oil and gas development on federal lands, and Carolyn Maloney (D-NY).
