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Who owns the Oil?
Maybe someone can enlighten me, but who own the oil that may be under the Gulf of Mexico for example. Is it the federal govt? The states? The people?
Is there something that would stop my State of Florida, from recovering the oil, refining it and selling it to Floridians?
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http://www.fairtax.org Elminate all taxes on income and replace with a national sales tax. |
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Re: Who owns the Oil?
The problem with those arguments is that eventually Florida, and Alaska more so, will have more oil than its citizens can consume, and will then sell off to other states. That's where the Commerce clause of the Constitution kicks in, and why the fed would claim control of all oil resources in the country.
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Re: Who owns the Oil?
From 2006:
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Unfortunately, this bill passed the House but was never voted on by the Senate.
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"Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, chardonnay in one hand, chocolate in the other, body thoroughly used up, totally worn out, and screaming 'WOO HOO, what a ride!'"
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Re: Who owns the Oil?
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Re: Who owns the Oil?
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Re: Who owns the Oil?
Im for accepting that the states control their land and the resources found on them, including out into terratorial waters. I dont beleive the federal govt should own any land outside of DC and possible military bases. As such, if Alaska decided to keep its oil for itself, have at it. As it is, they already take royalties from oil sales and subsidize their own citizens oil pruchases.
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http://www.fairtax.org Elminate all taxes on income and replace with a national sales tax. |
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Re: Who owns the Oil?
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__________________
http://www.fairtax.org Elminate all taxes on income and replace with a national sales tax. |
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Re: Who owns the Oil?
Well, thats what I want to know. Since when does the US govt have the right to lease oil exploration to anyone. That should be a state right.
__________________
http://www.fairtax.org Elminate all taxes on income and replace with a national sales tax. |
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Re: Who owns the Oil?
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Re: Who owns the Oil?
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GoM ? USA FLA, in its costal waters ? nothing other than $$$$ to do it. that why they sell the mineral rights. they get the cash without the bother. Alaska was on national (right next door to ANWR) but even with that, the state gets loads of money, some of which is paid out to the residents ! |
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