royalty rates

The Los Angeles Times continues to follow the e-mail trail in the 11th-hour Bush administration bid to lock in low royalty rates for highly speculative, as-yet-unproven oil shale production in the Green River Formation of northwest Colorado, eastern Utah and southwest Wyoming.

Interior Secretary Ken Salazar in recent days has dampened the hopes of state lawmakers who are pushing to revive Colorado’s long-dormant oil shale industry.