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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (62029)	12/12/2014 4:32:51 PM
From: Brumar89	Respond to of 86352

The oil depletion allowance for the large companies was eliminated in 1974. If you own a ranch with oil or gas production on it, you can still get it though. The XOM's and CVX's don't get it. the Federal Government should get much, much more for their leases. No more giveaways. No, they should get market price just like other landowners. Leases are competitively bid and they're not given away. A $1 a ton for coal is absolutely ridiculous. How would you know? Only about a third of US coal is from federal leases, mostly in the Powder River Basin. That coal is cheap, in the $10 per ton range. That's the market price so $1 a ton.