Federal government should not cede to coastal states, says Sen. Bingaman

At a discussion hosted by The Energy Daily and Covanta Energy, Senator Jeff Bingaman (D-N.M.) says that he objects to the federal government ceding to coastal states. He says that all the royalties received could turn out to be hundreds of billions of dollars and the federal government should hold on to whatever sources its revenue it has. (0:41)
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