Friday, June 1, 2007

US federal drilling fees among world's lowest-GAO

(Reuters) - "The U.S. federal government receives one of the lowest
government takes in the world" for allowing energy companies to
drill, the Government Accountability Office said in a report
requested by Democrats in Congress.




According to data cited by the GAO, an independent
government agency, the United States ranks below countries like
Angola, Australia, Norway and Trinidad and Tobago when
comparing drilling fees, which are the U.S. Treasury's
second-biggest income generator after taxes.


Read more at Reuters.com Government Filings News

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