Login
or
Register
Home
»
Trains Magazine
»
Forums
»
Passenger
»
Amtrak: Privitize it?
Edit post
Edit your reply below.
Post Body
Enter your post below.
<p>[quote user="A. McIntosh"]</p> <p>I wonder how much revenue the Federal Gov. gets from leases and royalties that oil companies pay to</p> <p>extract oil from offshore and from federal lands? Could some of these monies be applied to Amtrak? [/quote]</p> <p>At the risk of getting off topic, offshore oil leasing, rents, and royalties is a complex subject. A Department of Interior study explaining the dynamics of offshore revenues runs more than 70 pages. Having said that, from 1954 to 2004 it is estimated that the federal government realized $64 billion in bonuses, $3 billion in rentals, $89 billion in royalties, and $3 billion take-in kind in lieu of royalties. For that period the average take for the federal government is $3.18 billion per year. However, averages can be deceptive. My guess is the take has been greater since the 90s and 00s. Moreover, to get a better picture, one would need to know the take from 2004 through 2011. </p> <p>Also, in 2011 the U.S. Department of the Interior realized $3.1 billion from onshore oil and natural gas activities. The budget for these items in 2013 is $3.0 billion. </p> <p>Some of the monies are dedicated to the U.S. Minerals Management Service, and some of them go to the states. I don't know the transfers to the general fund, but any money going to the general fund can be used for general purposes. </p>
Tags (Optional)
Tags are keywords that get attached to your post. They are used to categorize your submission and make it easier to search for. To add tags to your post type a tag into the box below and click the "Add Tag" button.
Add Tag
Update Reply
Join our Community!
Our community is
FREE
to join. To participate you must either login or register for an account.
Login »
Register »
Search the Community
Newsletter Sign-Up
By signing up you may also receive occasional reader surveys and special offers from Trains magazine.Please view our
privacy policy
More great sites from Kalmbach Media
Terms Of Use
|
Privacy Policy
|
Copyright Policy