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A Note on US Royalty Relief, Rent Sharing and Offshore Oil Production

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  • Paul Hallwood

    (University of Connecticut)

Abstract

This paper offers an economic analysis explaining why royalty relief under US Federal legislation is expensive in terms of revenue foregone, but is largely ineffective in increasing US offshore oil production. Repeal of royalty relief is therefore justified.

Suggested Citation

  • Paul Hallwood, 2007. "A Note on US Royalty Relief, Rent Sharing and Offshore Oil Production," Working papers 2007-22, University of Connecticut, Department of Economics.
    • Handle: RePEc:uct:uconnp:2007-22
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    References listed on IDEAS

    as
    1. Farzin, Y. H., 2001. "The impact of oil price on additions to US proven reserves," Resource and Energy Economics, Elsevier, vol. 23(3), pages 271-292, July.
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    More about this item

    Keywords

    oil taxation; royalty relief; offshore oil;
    All these keywords.

    JEL classification:

    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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