"The Interior Department will not be lowering the royalty rates from profits made from offshore drilling, despite a recommendation from an agency committee comprised largely of energy industry representatives.
Interior Secretary Ryan Zinke announced Tuesday that he will not lower offshore oil & gas royalty rates from drilling on federally controlled waters, citing "record" energy growth.
“The pilot light of American energy has been re-lit by President Trump, and the President’s energy dominance strategy is paying off,” Zinke said in a statement."
Miranda Green reports for The Hill April 17, 2018.
Source: The Hill, 04/18/2018
