Trump’s Interior Department dismantles Obama rule on coal and oil fees

by
August 8, 2017

03COAL2-master675The Interior Department is repealing an Obama administration rule for assessing fees on coal, oil and natural gas extracted on federal lands after determining that the regulation was full of defects.

“Repealing the Valuation Rule restores our economic freedom by ensuring our energy independence,” Interior Secretary Ryan Zinke said Monday. “The increased costs associated with the Valuation Rule had the potential to decrease exploration and production on federal lands, both onshore and offshore, making us rely more and more on foreign imports of oil and gas.”

The agency’s Office of Natural Resources Revenue published its decision in Monday’s Federal Register. The repeal will be effective Sept. 6.

“In light of the defects that we discovered in the rule and after carefully considering all of the comments we received, we have decided to repeal the 2017 Valuation Rule in its entirety,” the notice read.

 

  • Bob

    I guess the righties figure the only place coal, oil and gas companies extract resources is from Federal land. Don’t they invest in any land of their own? If not, they’ve been leaching off the Tax Payers too damn long!! What are these “defects” the Chump Administration found? They were never explained. MORE CORPORATE GIVEAWAYS – THAT’S ALL IT IS!!!!

  • Roy Fredrichsen

    These are the two entities Hillary wanted to put “out of business” so we would be totally dependent on foreign energy sources like Arabia, the Russians, and many other foreign sources. THE DEMOCRATS ARE FOR THE WORKING MAN in other countries.

  • barbarakelly

    OH, YES , DISMANTLE ANYTHING DOING WITH OBAMA THE BACK STABBING CRIMINAL.!!!

  • GreatDayNow

    Think about it–the Obama admin. put fees on energy sources extracted from federal land here in our own country which made us more dependent on foreign imports. Seriously? I swear O was on somebody’s payroll to screw up this country as much as possible and we let him do it for 8 years!!

    • Maryaniemi

      Fine40b

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  • Webb

    COAL: Put the worker back to work…
    Put the Coal industry back in business…Let Drilling Get Back On Federal Lands For Oil…
    Keep Democrats Out Of Office…

  • mort_f

    I wonder how long it will take to repeal, or just annul,every Obama regulation and executive order. I guess you could leave National French Fry day in place.

    • Webb

      As Long as it Takes…Repeal all of Obama’s E/O, Period!!

  • Laurachammer

    Win51a

    Google is paying 97$ per hour! Work for few hours and have longer with friends & family! :!ao171d:
    On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it
    :!ao171d:
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