I’m split on it happening myself. Oil is fungible, when it comes out of the ground from here it employees a lot of people and keeps the economy running, it also cuts into the middle east production which is a good thing. Yes the end profit goes there but most of it does stay here, unlike say what most of Walmart sells. Smart money says a lot of that profit will be reinvested in our free market now as well, so that also is a plus.
The land itself is not worth much to be honest, certainly at the price they paid. Only the oil makes it have any real value. We can control that easy enough if we had to, they still have to get it to the refinery and distributed from there. Hell, a wink and a nod to OSHA alone can cut profits and production enough to ruin their day.
It’s real estate, they can’t take it with them when they go or we throw them out. Eventually it all gets our flag planted on it again one way or another.
yep and....$1.3 billion on the ledger of the sellers can likely be invested in other oil properties thus producing a double profit