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Oil & Gas

Obama Proposes Doubling Offshore Oil Inspection Fees

September 14, 2010
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According to the Associated Press, the Obama administration wants to double the fees the government charges oil and gas companies to inspect their offshore operations. The White House asked Congress to approve the fee hikes as part of a request for $80 million in new spending for the agency that oversees offshore drilling. The increase can be paid for in part by boosting inspection fees and hiring new inspectors, officials said. The proposal would more double the amount collected from oil and gas companies, to $45 million next year from about $20 million this year. Obama said in a letter to Congress that the fee hikes and other changes are needed to strengthen oversight of offshore oil and gas operations; address deficiencies in mineral revenue collection; and complete the reorganization of the agency formerly known as the Minerals Management Service.

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