And by the way, Carter was more fiscally Conservative than Reagan.

[Antiderivative]

Don't forget that Reagan killed Carter's energy bill, in which every American would be better off.

 

[Mr. H.]

It was in fact a direct confiscation of personal property

Who owns oil and natural gas rights?

I think resources belong to the people. You think they belong to the corporations.

We have a fundamental difference in disagreement.

That's a good question and I laud you for it.

Mineral rights were originally granted along with land rights, except in special circumstances where public domain had precedent.

In cases of public lands/mineral grants, the minerals often became severed or separated based upon successive transfers of ownership. Often times surface rights were sold while mineral rights were retained. Over the past 200 years or so, land or surface rights remained practically intact while the minerals ownership dilutedd with each succeding generation.

To answer your question, natural gas rights belong to the mineral interests as originally decreed but they may have been severed and diluted over time. In short- private property rights prevail with minerals as they do surface lands.

 

[Antiderivative]

In short- private property rights prevail with minerals as they do surface lands.

no, try again.

Why does a company own the mineral right while others don't?

Declare ownership.

 

[Antiderivative]

This is why I think we have to declare fair ownership over resources, and this is detrimental to the well being of the US.

However. we could be leaders in the new energy revolution, but we refuse to be.

 

[Londoner]

Don't forget that Reagan killed Carter's energy bill, in which every American would be better off.

Carter told the nation that lowering its daily oil use would decrease America's exposure to middle eastern instability. He asked the nation to build a moonshot around the energy problem. He wasn't so crazy as to believe America could abandon petroleum altogether -- he just wanted to diversify our energy basket (through conservation, alternative sources, light rail, etc) so that an increase in oil prices would not completely destroy the economy.

Reagan, who was funded heavily by big oil, convinced voters that Carter and the alternative-energy Left were exaggerating the problem. Reagan was very persuasive in his argument that reliance on middle eastern oil would not be a problem. Indeed, the first thing Reagan did in office was to remove the solar panels that Carter put on the White House roof. The message was clear: there would be no competition with the petroleum industry. (Ever since 1980 when they finally defanged the Sherman Act, the GOP has protected monopolies in one industry after another, most notablly health insurance and pharmaceuticals)

While Carter wanted to move energy investment away from the military extraction of petroleum (because it was simply too expensive to "stabilize" the middle east), Reagan increased our investment in terrorist nations tenfold. He poured money into Iran, Iraq, Saudi Arabia, and (finally) Afghanistan -- all for the purpose of protecting our growing petroleum assets in the region. This actually made sense, that is, once Reagan decided to ignore Carter's warning and enact policies that increased oil consumption, he had no choice but to increase our military investment in the middle east. Smartly, Reagan hid military expenses off budget, in emergency spending measures. He did this partly so Americans didn't see the real price of a gallon of gas. The oil industry didn't want the market to rebel and thus start investing in other sources. (We won't even talk about how the terrorism narrative covered up the underlying oil geopolitics -- which is ironic given Iran-contra, where it became clear that Reagan was partnering with terrorists in the back of the house. Such is the tragicomedy of what happens when a particular industry captures a political party. The American lifestyle was quietly built around Islamo-crude, thus empowering the very terrorists we pay the Pentagon to fight. Great work if you can get it. Even better if you can get Talk Radio and FOX News to cover it up with cliches about freedom and evil doers.) (wow, just wow)

Also.... in addition to crushing conservation (which itself lowers demand and therefore prices), Reagan's war on alternative energy set the stage for Washington to crush the first genuinely viable electric car movement.

Of course, we are now lying in the bed Reagan made for us. The middle east turned out to be a disaster, not least because the supply of petroleum was vastly overstated by the oil industry. When science intervened to warn that global supplies may not be able to accommodate rapidly growing 3rd world demand, the GOP waged war on science. Profit trickled not into innovation (as we are always told), but into the pockets of crooked politicians and a very effective propaganda campaign. Big oil shareholders were awarded dynastic wealth at the expense of future Americans, who will soon be crushed by the $5 gallon. The GOP war on science (in the service of short term profit) has a cost that nobody talks about. Sadly, the GOP has cultivated a base of voters who understand none of this.

Needless to say, stabilizing the middle east has proven impossible. Once can only imagine the crises that lie ahead as supplies diminish.

(Here is the most tragic thing: Republicans think that Reagan handed energy to market forces)

(wow, just wow)

 

[Antiderivative]

Americas are worse off. Carter signed a wronged bill.

 

[Mr. H.]

In short- private property rights prevail with minerals as they do surface lands.

no, try again.

Why does a company own the mineral right while others don't?

Declare ownership.

Mineral rights are conveyed just as real property is.

Why would you own your home while others don't?
It's that simple.

 

[jillian]

Just food for thought.

and nixon was the most liberal president in my lifetime.



just sayin.

 

[skookerasbil]

Just food for thought.

Drivel found only in the nether regions of the internet. This is a POLITICS forum..........a huge majority view Carter as a domestic policy dickhead.

Reality is 95% perception

 

[mudwhistle]

I noticed that the price of gas doubled in only a few months during the Carter years and we had two oil embargoes on his watch. Part of the reason gas prices went up so much was because of massive inflation.

We're seeing the same thing happening now.