Excuse me Dillon, but what does government ownership in other countries have to do with mineral owners making a decent profit off their own property in this country? Oil pro’s like to say drill your own well if a mineral owner objects to making pennies on the dollar off HIS minerals. The mineral OWNER should have every right to tell the oil producer to MAKE your own oil. Also the state and federal govt. doesn’t own the land, THE PEOPLE DO COLLECTIVELY. Think about that last sentence for a minute. I won’t say you have drunk the koolaid or that you have lost sight of what is and are just parroting what is spoon fed to you, but you might want to step back and assess things before you start calling mineral owners, who have the right to be as capitalistic as the oil co’s derogatory epithets starting in A.
Dillon said:
General Statement:
In almost every other country in the world the govt owns all the mineral rights (oil, gold, silver, etc). That being the case, we shouldn’t be assholes all the time leasing here as it’s so much easier to lease in some of the other countries where you dont have to deal w/ so many ppl.
Still in the USA the local, state & federal governments own over 1/3rd of the land - most w/ the mineral rights.
I’d make a wild guess that less than 15% of the people in the USA own mineral rights & if you exclude those w/ less than a 5 acre interest it’d be less than 3%.