Posted on 10/17/2009 11:43:04 PM PDT by American Dream 246
That’s mighty charitable of you.
BTW, I love your screen name.
rwrcpa1 wrote: “Thats mighty charitable of you.”
..... Just curious. How would you configure US oil resource development and policy?
rwrcpa1 wrote: “BTW, I love your screen name.”
..... Another afficionado of classic cinema!
I assume you mean on federal land. Just as has happened in the past on federal lands and offshore. Oil companies bid for leases. Pay upfront lease plus a 20-25% royalty. That is the free market way. Competition between oil companies. I'm sure that, as anytime you are dealing with the government, that there is abuse, as political favors are called in, but that is the best system. What you are proposing smacks of nationalizing the oil industry, which would be death for domestic exploration.
See this http://davidhecksel.com/blog/?p=20 for a typical deal. The Barnett Shale was a very hot reserve play in Texas.
The problem is not the government getting paid. The problem is the government won't open the land to leasing.
BTT and second on the resource management,
Zero and crew *don’t* want to manage our natural resources they want to destroy our economy.
There’s a high level of a rancid oder coming from the Palin haters.
I think we should follow the money they’re receiving.
They’re either anal retents or getting paid to continue the attacts.
Yes, especially this one
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