Louisiana congressional delegation fights Obama administration proposal to strip off-shore revenue sharing

The Louisiana congressional delegation is continuing efforts to block a budget proposal by the Obama administration to reverse 2006 energy legislation providing revenue sharing to Louisiana and three other Gulf states for off-shore oil and gas production. The revenue sharing is slated to begin in 2017, and provide up to $500 million a year to the four states. It was former Democratic Sen. Mary Landrieu's signature legislative achievement in her three terms in office. The revenue sharing would amount to 37.5 percent of royalty payments to the four states, or up to $500 million a year. It is supposed to begin in 2017 under the bill pushed through by Landrieu and former Senate Energy Committee Chairman Pete Domenici, R-N.M...more