Fueling Corporate Welfare

Getting something for nothing is a pretty sweet deal — at least if you’re the one getting something. Not so much if you’re the one receiving nothing in exchange.Oil and gas companies are extracting gas from federal lands and paying nothing for much of it, according to a new Taxpayers for Common Sense report.One of our most troubling findings was that gas companies drilling on federal lands have avoided paying over $380 million in royalties on the fuel they’ve extracted over the past eight years.That’s a lot of money — and it could be a lot more, because it’s based on self-reported data provided by the oil and gas industries.And it’s a lot of gas.Read More.Source: Otherwords/Ryan Alexander