Posted on 03/22/2021 8:01:22 PM PDT by DoodleBob
The federal government owns a great deal of valuable assets both above and below ground. The above ground assets include buildings, lands, roads, railroad infrastructure, levees, dams, and hydroelectric generating facilities, to name just a few, many of which are underutilized. Below the ground, the federal government owns the rights to mineral and energy leases, from which they receive royalties, rents, and bonus payments.
Federal real property totals over 900,000 assets with a combined area of over 3 billion square feet and more than 41 million acres of land. Additionally, the federal government owns over 600 million acres of lands and minerals onshore, and owns or manages a total of approximately 755 million acres of onshore subsurface mineral estate. Offshore, the federal government owns some 1.76 billion acres of lands and mineral estate, extending out 200 nautical miles from our shores. The federal government’s total mineral estate holdings are therefore about 2.515 billion acres of lands. Thus, the federal government’s mineral estate land holdings surpass the total surface land area of the nation of Canada. These holdings, as we will see, are vastly underutilized.
...
IER estimated the worth of the government’s oil and gas technically recoverable resources to the economy to be $128 trillion, about 8 times our national debt...IER estimated the government’s coal resources in the lower 48 states to be worth $22.5 trillion for a total worth to the economy of fossil fuels on federal lands of $150.5 trillion, over 9 times our national debt. Most of the coal resources in Alaska are deemed to be federally owned and are estimated to be 60 percent higher than those in the entire lower 48 states but are not included in these estimates. (bold added)
(Excerpt) Read more at instituteforenergyresearch.org ...
Yes, the federal debt is sort of an issue but it's not insurmountable. This would tackle the extinguishment of the debt AND unleash an energy wave of prosperity.
Make this a 2024 Deplorable national issue, amass blocking and tackling resources to stop the statist steal, and retake the Executive branch.
BLM has so much land...
But that would be exploiting natural resources. An idea leftists hate.
Yes, the federal debt is sort of an issue but it’s not insurmountable. This would tackle the extinguishment of the debt AND unleash an energy wave of prosperity.
I appreciate your enthusiasm, but you are missing two gigantic obstructions to this idea.
1) The enviros would never allow it - media, big tech, corporations, academia, and the democrat politicians and PACs would oppose it.
2) Getting out of debt requires two things - money to pay the note and the resolve to STOP SPENDING. Good luck with that.
The GOPe is not immune to this problem either. Politicians from both parties would find spending the newfound wealth to be much more attractive than using it to pay off past excesses.
We should just check with Putin. He came up with a way to get his buddies to own the yugest majority of the formerly state-owned assets over there.
Besides - turns out the FBI and the DOJ are worthless, unless you are a connected swampster.
My comments are somewhat sarchasmic, LOL
Reagan walked away from the 1976 Convention without the nomination.
Trump was laughed at when he took that escalator ride.
The Pats were getting crushed by Atlanta.
They didn't recoil from the challenge - they followed through.
This had nothing to do about enthusiasm. It's all about WILL.
Of course the environmentalists will fight...that's what they do - fight, whine, trot out sea otters, hockey stick temperature plots, etc. Shall that likelihood be all that's required to make us run and hide? Are we doomed to self-select out?
And yes, spending like a drunken sailor is a problem, but just because someone is on a bender doesn't mean you shouldn't book a room at rehab.
First, people say we have a fiscal problem, that we cannot repay the debt. Fair enough....here is a solution. I mean, it is HERE...it doesn't require generations of spending restraint or tax increases.
All that's required is WILL.
“All that’s required is WILL.”
True. The Lord is Chief and He provides. Oil is renewable and I would double the 150 trillion number to 300 trillion, easily, since Integral Fast Reactors nuclear (providing 80% of energy for France) along with plasma recyclers are proven technologies that defeat all the myths and fears from anti-physics, anti-American, anti-Christian losers. No getting around the facts.
I saw what you did there...
I’ve been saying for a while we need to challenge the extremist Greens on the idea you can power our country on wind and solar as the push EVs and such. Cannot be done without a huge drop in living standards. What is needed is a nextgen nuclear plant probably using thorium if they’re really serious about cutting use of carbon energy.
We need to hammer them on the living standards and economics issue.
Why did Donald Trump want to buy Greenland?
The comparison is only worthwhile if the U.S. is going to sell off major portions of those assets to pay off any of the debt. And within that matter is the question of how much of it would be allowed to be, or have to be, sold to foreigners.
Great info! Thanks!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.