Saturday, December 16, 2006
More fun & games at Interior
Following on reports of billions in uncollected royalties and faulty oil & gas leases on public land comes the latest report that criminality may be involved. The NY Times has the latest details of what is happening in the oil bidness.
The Justice Department has begun two criminal investigations into the Interior Department’s Minerals Management Service, which is already the focus of several inquiries into its collection of royalties for oil and gas produced on federal property....This comes as no surprise but it remains to be seen if the investigation gets more than a few low level fall guys. Given this administrations record of criminality, it should make the Teapot Dome look like a tempest in a teapot.
...The investigations are an unexpected development in what has already become a broad examination of the Interior Department’s oversight of companies that pump more than $60 billion worth of oil and gas each year from publicly owned land and coastal waters.
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