Greedy Anti energy Democrats want to raise royalty for government

Washington Times:

A powerful congressional chairman has joined a growing number of Democrats who want to sharply increase the cost of drilling leases that the government provides on federal lands, a move vigorously opposed by Big Oil and Republicans.

Rep. Nick J. Rahall II, West Virginia Democrat and chairman of the House Natural Resources Committee, has proposed a plan to boost royalty rates by 50 percent and to cut the lease periods to five years from the current 10 years or more. His recommendation would be part of a sweeping overhaul of the $22 billion, scandal-tarred oil and gas drilling program that the Interior Department oversees.

The plan also appears in line with the broader energy goals of Interior Secretary Ken Salazar, who is conducting a review of the Interior Department's handling of oil and gas leases and royalties as the House prepares to push through a bill to address climate change and the Senate works on its own energy legislation.

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This is clearly a disincentive to drill on government owned property. It is also an example of incredible government greed. The government takes zero risk in the drilling for oil and gas but wants half of the cash flow, not just the profits.

This is at the same time that it is reducing the deductions for expenses in drilling and maintaining wells. If you want less energy, this guy has the answer. If the Democrats adopt this greedy grab it will be proof they are not serious about providing energy to Americans.