“From Pennsylvania to North Dakota, a powerful argument for allowing extensive new drilling has been that royalty payments would enrich local landowners, lifting the economies of heartland and rural America. The boom was also supposed to fill the government’s coffers, since roughly 30 percent of the nation’s drilling takes place on federal land. Over the last decade, an untold number of leases were signed, and hundreds of thousands of wells have been sunk into new energy deposits across the country. But manipulation of costs and other data by oil companies is keeping billions of dollars in royalties out of the hands of private and government landholders.”
Oil and gas drillers use complex schemes to stiff retired landowners for royalties
- Post author:The Freedom Watch Staff
- Post published:August 25, 2013
- Post category:Network Archives / The Freedom Watch
Tags: Animal Farm, Bankocracy, CLibertyC, constitutional liberty coalition, economic Trends, for life and liberty, Grabfest, Investment/Trends, Mainstream News, Property/Assets/Rights, Resistance, sound money, The Freedom Watch, Winning Hearts & Minds
The Freedom Watch Staff
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