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WASHINGTON (AP) - When it comes to taking oil and natural gas from government land and waters, the oil companies are getting a good deal, says a congressional report.
The Government Accountability Office said Friday that the U.S. government gets less for letting private companies take oil and gas from its land and coastal waters than a half dozen states and many foreign countries.
The GAO said five studies it examined showed the U.S. government consistently is near the bottom when compared with other countries and energy-producing states such as Alaska and Louisiana in the revenue cut it gets from oil or gas pumped under government leases.
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