A Deal’s a Deal (Unless You’re the Government)

By: Steve Maley (Diary)  |  February 19th at 12:57 AM  | 

Sounds like the U.S. Government needs to hire some competent lawyers. Lucrative Gulf of Mexico drilling loophole survives challenge in U.S. House On a mostly party-line vote, The House Friday night rejected a Democratic amendment that would have corrected a 1995 mistake in drilling rules [sic] that allowed oil and gas companies to drill in portions of the Gulf of Mexico without paying royalties. The | Read More »

Tim Geithner Makes a Pair of Scary Statements

By: Steve Maley (Diary)  |  March 5th at 11:53 AM  | 

US Treasury secretary attacks oil, gas tax breaks In my business, and I’ll wager in your business too, you read contracts. Carefully. Because the contract defines the relationship between the two parties, and signifies a meeting of the minds. If you screw up, and the contract doesn’t mean what you thought it meant, well, shame on you. Back in the ’90s, oil and gas prices | Read More »