And, yes, I DO take it personally: SCOTUS gives big oil a lump of coal for Christmas

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And, yes, I DO take it personally

Monday, December 11, 2006

SCOTUS gives big oil a lump of coal for Christmas

well, well, well... whaddaya know...

The Supreme Court ruled against the oil and gas industry Monday in a dispute over how many years into the past the government can reach to collect money for leases on federal land.

In a 7-0 decision, the court refused to limit the number of years the government can reach back to collect unpaid royalties. The ruling applies to administrative proceedings the Interior Department brought against two companies.

$5M isn't exactly chump change, altho' in light of the federal deficit, i suppose it is...

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