MMS bound by terms of flawed Gulf leases

摘要

Washington-The issuance by the US Minerals Management Service of 1998 and 1999 Gulf of Mexico oil and gas leases without price thresholds "has undermined taxpayer confidence" in the offshore leasing program and "cannot be 'fixed' by retroactively mandating the payment of royalties," said a report released December 18 by an independent panel set up by the Interior Department.