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 InfoPaper provided by University of Connecticut, Department of Economics in its series Working papers with number 2007-22.
Length: 10 pages
Date of creation: Apr 2007
Date of revision:
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Postal: University of Connecticut 341 Mansfield Road, Unit 1063 Storrs, CT 06269-1063
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Web page: http://www.econ.uconn.edu/
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oil taxation; royalty relief; offshore oil;
Other versions of this item:
- Hallwood, Paul, 2007. "A note on US royalty relief, rent sharing and offshore oil production," Energy Policy, Elsevier, vol. 35(10), pages 5077-5079, October.
- 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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