TITLE

THE OFF-SHORE OIL BILL--A TRILLION-DOLLAR PRINCIPLE

PUB. DATE
April 1953
SOURCE
New Republic;4/13/53, Vol. 128 Issue 15, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on the off-shore oil bill being passed by the U.S. legislature. Many advocates of the off-shore oil bill intend the measure to establish the principle of states' rights so firmly that it will apply also to all minerals in the public domain. It's no small right. Coal and shale in the public domain, alone, have a potential value of $980 billion or nearly a trillion dollars. If the nation received the usual 62.5 percent of royalties, instead of surrendering its rights to the minerals, there would be over $61 billion to devote to education in 35 states.
ACCESSION #
14497275

 

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