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Posted by Sherman in Idaho [72.47.9.37] on Thursday, October 25, 2012 at 21:07:54 :
In Reply to: U.S. is worlds #1 oil exporter. posted by Chris Case [75.36.39.118] on Thursday, October 25, 2012 at 19:01:16 :
But the US is one of the few countries where land ownership includes mineral rights. In most countries, the government owns the mineral rights everywhere. Maybe it's also a coincidence that almost all the new oil development in the US is under private land. Maybe 100 million years ago when God put all the oil in the ground, he made sure not to put any under BLM or USFS land. Maybe a lot of these other countries run by tin-pot dictators or socialists have lots of oil that could be gotten to by horizontal drilling and fracking too, but nobody wants to deal with the bureaucratic hassles of getting the rights to drill it or the risk of having it nationalized and expropriated if they find it.
I hate paying $4 for gas, but if I have to pay it, I'm glad some of that money is going to American workers drilling in American oil fields.
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