US Court of Appeals Awards Oil Companies $1 Billion


	US Court of Appeals Awards Oil Companies $1 Billion

merrie

8-27-2008 8:49 AM

263 views

tags:

us federal appeals court, oil & gas companies, $1 bn award, gov. breached leases, california coast

merrie says:

From page 17 of today's Financial Times, "US drillers to get $1bn court award" comes news of how federal government red tape often holds up oil companies for drilling on leases they've already sunk billions of dollars into
(emphasis mine):

http://www.ft.com/cms/s/0/368005c4-7305-11dd-983b-0000779fd18c.html?nclick_check=1

2 Comments |

Add a Comment

8-27-2008 11:00 AM

The REAL Napster

A lease is a lease. If they didn't like the terms they shouldn't have signed.

8-30-2008 11:11 AM

larry siegel

merrie, we're on the same page. mainstream media shills the left and mounted an absurd attack on Palin with more trash to follow. Larry

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from August 27, 2008

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color:#e5e5e5;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7db002e7-0138-47ff-ac8c-3fdc47582876/05F1EEF9-5197-408A-BD64-A0AF5F72030A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://newsbusters.org/" href="http://newsbusters.org/" style="font-size: 11px;">newsbusters.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/"><P>A US federal appeals court ruled yesterday that 11 oil and gas companies should receive more than $1bn awarded to them in 2006 <B>after the government effectively changed the terms of leases to drill off the California coast.</B></p> <P>The US Court of Appeals was upholding a 2006 ruling that <B>the government had breached the leases when changes in federal law materially interfered with the companies' efforts to develop the oil and gas reserves off California.</B></p> <P><B>The case points to the difficulties US oil and gas companies have developing oil and gas resources in the US.</B></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/"><P>Partly because this story doesn't fit preconceived liberal storylines and partly because the Democratic Convention is taking up all the oxygen in the mainstream media, you can expect this story to remain buried in your newspaper and be given little if any attention on cable news networks.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/05F1EEF9-5197-408A-BD64-A0AF5F72030A/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips