Will revenue sharing spur more offshore drilling?

摘要

The oil and natural gas industry wouldnlove to set up drilling rigs in the federalnwaters offshore states such as Florida,nCalifornia and North Carolina, but a numbernof hurdles have long stood in the waynof such development. Among these is thenfederal government’s general prohibitionnagainst sharing drilling-related royaltiesnwith affected states, which has made somenof them unwilling to put their shorelines atnrisk to potential oil spills.