One hundred years ago today, President Woodrow Wilson signed the Mineral Leasing Act of 1920 into law, providing a framework for oil and gas companies to lease public lands and compensate taxpayers for the extraction of publicly-owned resources. Through massive lobbying efforts from oil and gas trade associations and corporations to keep the status quo, the law has largely remained intact since then; the latest significant update was in 1987.
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Outdated oil and gas royalty rates are costing taxpayers billions each year
Feb 27, 2020
Issue: Oil & Gas
Subject: Polling & Data
By Center for Western Priorities
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