Troubled oil-royalty program to end
Posted: September 17, 2009 at 4:59 a.m.
The $6.6 billion U.S. royalty-in-kind payment program for oil and natural gas drilling fees will end, the Interior Department said Wednesday, done in by allegations of illicit sexual encounters, drug use and financial mismanagement that eroded government returns.
This story is only available from the archives. Click here to contact the online desk.
Business, Pages 23, 28 on 09/17/2009
(Advertisement)
« Previous Story
Fiat-Chrysler CEO optimistic
Fiat and Chrysler Chief Executive Officer Sergio Marchionne said Wednesday that the new auto alliance can reac... Read »
Next Story »
Realtors tout 1st-home tax credit
When Congress passed an $8,000 tax credit for first-time home buyers last winter, it was intended as a dose of... Read »
Comments
To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Please read our comment policy.
Use the comment form below to begin a discussion about this content.
Registration is required to make comments. Click here to LOGIN.
You can register for FREE to post comments and receive alerts.