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To: Saints fan
Texas already gets tax revenue from these off shore leases, much more than Louisiana. Louisiana is only asking for the same deal Texas and Florida get.

That's completely wrong. Texas gets no money from federal offshore leases, while Louisiana already does.

Maybe Texas ought to try to get the same deal that Louisiana currently has.

63 posted on 02/07/2006 3:32:17 PM PST by Dog Gone
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To: Dog Gone
You didn't read the articles did you?

There's equity: Coastal energy producing states like Louisiana aren't getting a fair shake compared to inland states that get 50 percent of the revenue from minerals extracted from federal lands within their boundaries. Louisiana has an especially poor deal. While Texas and Florida get 100 percent of the revenue from production 9 miles in the Gulf, Louisiana has control over only the first three miles and gets 27 percent of the revenues from drilling from 3 to 6 miles out. After that, Louisiana gets nothing.

66 posted on 02/07/2006 4:02:49 PM PST by Saints fan
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