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A Note on US Royalty Relief, Rent Sharing and Offshore Oil Production

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Author Info
Paul Hallwood (University of Connecticut)

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Abstract

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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File URL: http://www.econ.uconn.edu/working/2007-22.pdf
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File Function: Full text
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Publisher Info
Paper provided by University of Connecticut, Department of Economics in its series Working papers with number 2007-22.

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Length: 10 pages
Date of creation: Apr 2007
Date of revision:
Handle: RePEc:uct:uconnp:2007-22

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Postal: University of Connecticut 341 Mansfield Road, Unit 1063 Storrs, CT 06269-1063
Phone: (860) 486-4889
Fax: (860) 486-4463
Web page: http://www.econ.uconn.edu/
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Related research
Keywords: oil taxation; royalty relief; offshore oil;

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Find related papers by JEL classification:
Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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This page was last updated on 2009-12-2.

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