A Note on US Royalty Relief, Rent Sharing and Offshore Oil Production

Paul Hallwood

No 2007-22, Working papers from University of Connecticut, Department of Economics

Abstract: This paper offers an economic analysis explaining why royalty relief under US Federal legislation is expensive in terms of revenue foregone, but is largely ineffective in increasing US offshore oil production. Repeal of royalty relief is therefore justified.

Keywords: oil taxation; royalty relief; offshore oil (search for similar items in EconPapers)
JEL-codes: Q48 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2007-04
New Economics Papers: this item is included in nep-ene
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Citations: View citations in EconPapers (1)

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Journal Article: A note on US royalty relief, rent sharing and offshore oil production (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:uct:uconnp:2007-22

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