✦ LIBER ✦

A note on US royalty relief, rent sharing and offshore oil production

✍ Scribed by Paul Hallwood

Publisher: Elsevier Science
Year: 2007
Tongue: English
Weight: 139 KB
Volume: 35
Category: Article
ISSN: 0301-4215
DOI: 10.1016/j.enpol.2007.05.002

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✦ Synopsis

This paper offers an economic analysis explaining why royalty relief under US Federal legislation is expensive in terms of revenue foregone, but is largely ineffective in increasing US offshore oil production. Repeal of royalty relief is therefore justified.

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