According to the U.S. Energy Information Administration (“EIA”) “In fiscal year (FY) 2016, the U.S. government collected almost $6 billion in revenues from royalties, rental costs, and other fees from activities related to energy production on federal and American Indian lands, according to the Department of Interior’s Office of Natural Resource Revenue. These activities include the production of coal, oil, natural gas, and hydrocarbon gas liquids (HGLs) as well as, more recently, renewables. From FY2010 to FY2013, federal revenues increased, driven by growth in offshore and onshore revenue during a time of relatively high oil prices. Revenues in FY2013 exceeded $14 billion and have since decreased in each successive year. Revenues in FY2016 were the lowest since at least FY2004.”

fracking photo