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Old 05-30-2017, 09:19 AM
 
Location: South Padre Island, TX
2,452 posts, read 2,300,050 times
Reputation: 1386

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Conservative implosion in 3, 2, 1........
Trump wants to stop sharing Gulf of Mexico oil royalties with states

 
Old 05-30-2017, 09:23 AM
 
51,651 posts, read 25,790,245 times
Reputation: 37884
Quote:
Originally Posted by Texyn View Post
"Alabama, Louisiana, Mississippi and Texas stand to lose billions of dollars if the plan survives in Congress."

Let the games begin.
 
Old 05-30-2017, 09:30 AM
 
21,430 posts, read 7,449,182 times
Reputation: 13233
Quote:
Originally Posted by GotHereQuickAsICould View Post
"Alabama, Louisiana, Mississippi and Texas stand to lose billions of dollars if the plan survives in Congress."
With friends like that, who needs enemies?
 
Old 05-30-2017, 09:46 AM
 
Location: Oklahoma
17,775 posts, read 13,665,953 times
Reputation: 17809
Maybe they will use the money to put the Rosneft/Exxon gulf oil exploration deal back in play.
 
Old 05-30-2017, 09:59 AM
 
13,684 posts, read 9,003,085 times
Reputation: 10405
That was a darn interesting article. I had not known about this.


How will Congress respond? How will they react to the proposal that the Federal government may help dig itself out of the deficit hole by screwing four Republican states?


Will this truly benefit 'all Americans'?


I shall watch developments with considerable interest.
 
Old 05-30-2017, 10:01 AM
 
52,433 posts, read 26,603,454 times
Reputation: 21097
Quote:
Originally Posted by Texyn View Post
You forgot to mention the part of that article where Obama tried to do exactly the same thing.
 
Old 05-30-2017, 10:03 AM
 
Location: Cape Cod
24,458 posts, read 17,203,514 times
Reputation: 35717
Where does all that money from the Feds go? For example in the article one of the reasons to give the gulf states money is that they can see oil rigs from their beaches and in case of a spill they would have money to clean up yet BP gave them billions when their oil rig exploded and dumped all that oil into the gulf.

I wonder if the gulf states have bank accounts that they keep this money in just in case another spill happens or have they spent it on other things?

The thing is with most things Trump the headlines that garner the outrage only tell half the story but it is enough to get people upset and those same people seldom read down the article or bother to read another that highlights why this might be a good thing for America.
 
Old 05-30-2017, 10:11 AM
 
Location: Formerly New England now Texas!
1,708 posts, read 1,098,284 times
Reputation: 1562
Revenue sharing is capped at 500 million dollars per year, states get 37.5% of offshore oil revenue. On first glance, this isn't the most expensive federal program, and states in the Gulf Coast have suffered when there are oil leaks. The maps show Alabama has a sort of weird number of set asides and cut outs, maybe that could be fixed (not to hurt Alabama, but the revenue sharing map around Alabama is a mess). Lets hope this is discussed in more detail by the administration.
 
Old 05-30-2017, 10:16 AM
 
13,684 posts, read 9,003,085 times
Reputation: 10405
Quote:
Originally Posted by WaldoKitty View Post
You forgot to mention the part of that article where Obama tried to do exactly the same thing.
I went back to the article to check. Here is the paragraph:


"President Barack Obama proposed funneling royalties to programs that protect natural resources. The House of Representatives last year adopted an amendment from Byrne, the Alabama congressman, that blocked the move."


So, not exactly the same thing, but I think the bottom line was the same, stop sharing the oil royalties with the four states. I doubt, if this occurs, that any of the money would go to protecting natural resources.


I will add this article about Obama's proposal:


https://www.eenews.net/stories/1060012873
 
Old 05-30-2017, 10:21 AM
 
Location: South Padre Island, TX
2,452 posts, read 2,300,050 times
Reputation: 1386
Quote:
Originally Posted by WaldoKitty View Post
You forgot to mention the part of that article where Obama tried to do exactly the same thing.
Obama "doing the same thing," would simply be him living up to what Conservatives already thought of him anyways. But if Trump does it, then the constituents get backstabbed...
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