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A note on US royalty relief, rent sharing and offshore oil production

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  • Hallwood, Paul

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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Suggested Citation

  • 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.
    • Handle: RePEc:eee:enepol:v:35:y:2007:i:10:p:5077-5079
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    References listed on IDEAS

    as
    1. 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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    More about this item

    JEL classification:

    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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