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To: WatchOutForSnakes
Blanco wants 50% of the royalties paid on offshore federal lands. Subsea lands, of course, but the point is that they are 100% federal property. State waters end at varying points offshore, and the state gets all the royalties from state water tracts.

That ain't enough for Blanco. She wants 50% ownership of Federal tracts, too, and unbelievably there are people here supporting that.

24 posted on 02/06/2006 7:47:01 PM PST by Dog Gone
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To: Dog Gone

I can't believe you still are not aware that most inland states get 50% of royalties off of FEDERAL land. We had this discussion a few nights ago and why you seem to ignore that is puzzling to me.

Most states, such as New Mexico and Oklahoma, states you said just a couple of days ago got NO royalties from oil and gas tracts, get 50% of royalties off of federally owned land within those states. Come on now, let's be consistent. Federal land onshore/federal land offshore. What's the difference? You can argue that you don't want to give us the 50% because of a deal made 50 years ago. That's one thing but to say it's stealing profits is over the top.


28 posted on 02/06/2006 7:53:22 PM PST by WatchOutForSnakes
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