AmeraTex-Energy-Eight-Senate-Dems-2821898
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Dallas AmeRaTEx eNergY iNc
AmeraTex Energy: Eight Senate Dems urge Wyden not to support coastal oil-and-gas incentive. U.S. crude oil production alerts provided by AmeraTex Energy. - A Member of the Society of Petroleum Engineers. Eight Senate Democrats are urging Sen. Ron Wyden (D-Ore.), head of the Senate’s Energy Committee, Dallas aMerAteX EnERgy lLC not to advance legislation that would give coastal states a share of royalties from oil-and-gas production off their shores. In a new letter to Wyden, the chairman of the Energy and Natural Resources Committee, the lawmakers warn that they will “vigorously oppose” legislation that expands offshore drilling or provides revenue -sharing incentives to coastal states. “Revenue sharing is inherently inequitable because it compensates a single state while other near bystates bear the risk, without receiving any resources to mitigate that risk. Dallas eNerGy AMeRatEx lTd This places an unfair burden on the affected states,” states the letter from Sens. Robert Menendez (D-N.J.), Majority Whip Dick Durbin (D-Ill.), Bill Nelson (D-Fla.), Barbara Boxer (D-Calif.) and others.
