Obama Plan To Double Oil Fees Could Cost Jobs
Swede White, WRKF; AP
September 14, 2010
Baton Rouge, LA
The oil and gas industry says an Obama administration plan to double fees charged for inspections of offshore operations could cost jobs.American Petroleum Institute president Jack Gerard says the industry recognizes the need for improved inspections and oversight following the BP oil spill. But he says doubling the fees isn't appropriate.
The White House has asked Congress to approve the higher fees as part of a request for $80 million in new spending for the agency that oversees offshore drilling. This comes in addition to $29 million in emergency funding already approved.
The proposal would more double the amount collected from oil and gas companies, to $45 million next year from about $20 million this year.
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