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Monday December 15th 2014

Federal Director of Regulating Offshore Drilling ‘Not Thoroughly Familiar’ with Billions in Lost Royalties

Liberty Alerts, Penny Star, CNSNews.com

At an appropriations hearing to consider a $358.4 million budget request for the Department of Interior’s newly created Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), Director Michael Bromwich could not directly answer questions posed by Rep. Jim Moran (D-Va.) about billions of dollars of lost revenue from offshore gas and natural gas wells that are not paying royalties to the federal government for operating in U.S. waters.

“I am not thoroughly familiar with these issues, but hearing you describe it and hearing the magnitude of the dollars, it’s a serious problem, and I will learn more about it and get back to you with fuller answers,” Bromwich said at the March 17 hearing.

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Used with the permission of CNSNews.com.