Congress did a good thing back in 1995 in passing the Deep Water Royalty Relief Act. That act did a simple thing. It provided automatic royalty relief for new leases for 5 years in the deep waters of the Gulf of Mexico. ↗
Well, a lot of our concerts do okay, and I know we still get royalty checks which still isn't that important, but again, I have to just say that we're making our records. ↗
In addition, the oil royalties the Federal Government does not collect from big oil will starve the Land and Water Conservation Fund of critical financial resources. ↗