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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Mike da bear who wrote (46229)	2/10/2006 1:32:56 PM
From: mishedlo	Respond to of 116555

Oil Giants Fell Behind on Fees WASHINGTON, Feb. 9 — More than three dozen energy companies fell nearly $500 million behind last year on royalty payments the federal government says they owed for oil and gas extracted from public territory, according to Interior Department documents released Thursday. While most of that money was later turned over after the government demanded payment, almost $60 million remains in dispute. The companies, which included major producers like Chevron, Shell and ConocoPhillips, had claimed lucrative government incentives for drilling in the Gulf of Mexico even though the incentives were not supposed to be available if market prices climbed above certain "threshold prices." ... ... nytimes.com