Lousiana gets a bigger share of oil and gas revenues

Congress’ 2006 decision to give the state a greater share of its offshore oil and gas revenues has been in the news recently. Reports state that Louisiana’s split of the cash should reach several billion dollars over the next decade. The law, known as the Domenici-Landrieu Gulf of Mexico Energy Security Act, requires that Louisiana, Mississippi, Texas and Alabama receive 37.5 percent of the revenue from new oil and gas production off their shores. Learn more here at the Independent.

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~ by vermilionaire on August 27, 2008.

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