Dive Diva's Blog – November 2010 Archive (1)

How Offshore Oil Leases Work

The following is an April 2010 interview with Professor John Lowe, explaining how, where and how much of the profits from GOM oil leases are generated and distributed. Yet diver wages continue to decrease.

Professor JOHN LOWE (Southern Methodist University): Thank you very much.

SIEGEL: And tell me first, if a company bids on a lease to drill offshore and gets the lease, to whom does he pay his rent?

Prof. LOWE: Well, it depends where that lease is…


Added by Dive Diva on November 10, 2010 at 10:55am — No Comments

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