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Taxpayer Rip-off as Bureau of Land Management Discounts Royalty Rates on Our Property at 50% of Actual Market Value
The BLM oil and gas management program is one of the most important mineral leasing programs in the Federal government. The total value of production is over $33 billion, which generates more than $3 billion in royalty revenue annually from oil and gas leasing activities on public lands, most of which is shared with state and local governments, and nearly $1 billion in royalty revenue from activities on tribal lands, all of which goes to tribes or individuals. Continue reading
Posted in economy, energy
Tagged autoinformed, autoinformed.com, blm, gao, Ken Zino, tribal lands
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