The Good Lord Giveth, The Federalies Taketh Away

By   via Watchdog.org and American Lands Council

“It was barely noticed on Capitol Hill, but the budget deal that just passed both houses of Congress changes the split between the federal government and states when it comes to royalties in oil and gas collected on federal lands by 1 percent.”

Why Does it Matter?

A one or two percent change in oil and gas revenues may not seem like a lot, but this change translates into a loss of $200 million for Wyoming, $100 million for New Mexico and $415 million across the country over the course of the next decade, and western states will be hit the hardest.

“I don’t think it’s a good deal at all,” New Mexico State Treasurer James B. Lewis told New Mexico Watchdog Thursday. “New Mexico needs every dime, every nickel we can get. It looks like it’s permanent and it’s sad that we didn’t get a voice in it.”

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States like New Mexico and Wyoming each have vast tracts of lands owned by the federal government where energy companies extract oil and gas. In the past, the feds and the states split the royalty payments 50-50, but under the provisions of the new budget deal, the split will shift to 51-49 in favor of the federal government. “Rep. Steve Pearce, R-New Mexico, voted against the budget deal, and said the royalties issue was one of the reasons why….Pearce said, “Imagine if the federal government took control of the Port Authority of New York and New Jersey, took 50 percent of its $4.1 billion in net revenue for 2012, and then decided to take another $82 million on top of that to cover administrative costs. New York and New Jersey wouldn’t stand for it, but that is exactly what the federal government is doing to the west.”

 The Only Solution Big EnoughIt is time for Congress to honor the same promise that was made to all western states, just as it did for Hawaii and all states east of Colorado.

 Transfer our public lands. The states must control their own public lands.  Only then will we be free to properly manage the health, safety and welfare of our citizens.

To read the entire article on Watchdog.org, click HERE.

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About Land & Livestock Interntional, Inc.

Land and Livestock International, Inc. is a leading agribusiness management firm providing a complete line of services to the range livestock industry. We believe that private property is the foundation of America. Private property and free markets go hand in hand—without property there is no freedom. We also believe that free markets, not government intervention, hold the key to natural resource conservation and environmental preservation. No government bureaucrat can (or will) understand and treat the land with as much respect as its owner. The bureaucrat simply does not have the same motives as does the owner of a capital interest in the property. Our specialty is the working livestock ranch simply because there are so many very good reasons for owning such a property. We provide educational, management and consulting services with a focus on ecologically and financially sustainable land management that will enhance natural processes (water and mineral cycles, energy flow and community dynamics) while enhancing profits and steadily building wealth.
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