A note on US royalty relief, rent sharing and offshore oil production
AbstractThis 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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Bibliographic InfoArticle provided by Elsevier in its journal Energy Policy.
Volume (Year): 35 (2007)
Issue (Month): 10 (October)
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Web page: http://www.elsevier.com/locate/enpol
Other versions of this item:
- Paul Hallwood, 2007. "A Note on US Royalty Relief, Rent Sharing and Offshore Oil Production," Working papers 2007-22, University of Connecticut, Department of Economics.
- Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
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- Farzin, Y. H., 2001. "The impact of oil price on additions to US proven reserves," Resource and Energy Economics, Elsevier, vol. 23(3), pages 271-292, July.
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