WASHINGTON, Feb. 13 — The federal government is on the verge of one of the biggest giveaways of oil and gas in American history, worth an estimated $7 billion over five years.
New projections, buried in the Interior Department's just-published budget plan, anticipate that the government will let companies pump about $65 billion worth of oil and natural gas from federal territory over the next five years without paying any royalties to the government.
And you know that gal Armstrong, who acted as Cheney's scandal beard in the recent shooting incident? Her family would profit handsomely from the deal.
See Blumenthal's excellent piece on the politics of the Texas royal families for more in that vein.
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