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Originally Posted by Henry_VIII
Is only oil from public land being taxed?
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no, there are taxes on the oil at the wellhead, most called "severance tax".
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What about offshore drilling? Is that considered public?
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offshore drilling is typically in the public land, that's the area of depth the rigs can operate in. "extraterritorial" if I recall, 200 miles from shore (?)
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Do you have a problem taxing oil drilled on privately owned land?
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we've taxed oil at the wellhead for over a century, and we don't need to add any more taxes on private production.