TITLE

Moratorium Ends on Bristol Bay Leasing

PUB. DATE
March 2007
SOURCE
American Gas;Mar2007, Vol. 89 Issue 2, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of U.S. President George W. Bush to end a moratorium on natural gas and oil leasing in Bristol Bay, Alaska. It was already barred by the Congress in 1989 due to the massive Exxon Valdez oil spill, however, it was lifted 2003 until former President Bill Clinton declared a suspension in 1998 which prevented the development. According to Interior Secretary Dirk Kempthorne, the decision increased the royalty rate for most new offshore deepwater federal oil and natural gas to 16.7%.
ACCESSION #
24341934

 

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