Drillers Shrug at Once-Coveted Oil Leases and U.S. Revenue Flags

  • Drop in oil prices cuts royalty income from federal lands
  • Conservation programs tied to drilling to feel the pinch

The Market Trends That Might Signal Oil Has Bottomed

Cheap oil may be a boon to U.S. motorists who are paying less at the pump, but it’s costing the federal government hundreds of millions of dollars in revenue.

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