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ProPublica: How Oil and Gas Drillers Avoid Paying Royalties.

“From Pennsylvania to North Dakota, a powerful argument for allowing extensive new drilling has been that royalty payments would enrich local landowners, lifting the economies of heartland and rural America. [snip] But manipulation of costs and other data by oil companies is keeping billions of dollars in royalties out of the hands of private and government landholders, an investigation by ProPublica has found.” Anyone surprised?

08/14/13 • 01:06 PM • Economics • Environmental • Home & Living • Politics • No Comments

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