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As opposed to voting for a Republican and getting a much larger corporate handout you mean?
How much more would they have had to pay for their property with the mineral rights included (if they could even buy them?)
One friend of mine was struggling to find work, now is doing incredibly well working for a local O&G company. Its a REALLY good job. I am in the camp that the opportunities that are presented with a true boom cover most (but of course not all) of the inconveniences for most people-like the example with the couple that purchased the home in the country to retire and are on the fixed income-they could sell it at a profit and move to another part of the country that is quieter and more laid back.
But what I am seeing so far around here is not much of a huge boom for the fact of the decline of the area from years past, and the existing infrastructure, its going to take ALOT of growth to start affecting things...we're far from a Williston, ND...rent does seem high in certain areas around here, and only certain real estate seems to be more in demand, again only in certain areas.
Many replies are so typical. Jason is talking about landowners who most likely have a job & just don't own mineral rights. Nobody in the last 40 years thought of mineral rights except to lease for a few dollars & see nothing ever happen. I know NC PA has changed & not for the better. Land is not selling there either, mineral rights or not. The truck traffic sucks & the roads & tree loss is terrible & it's only the beginning. When things slowed, rents and other prices didn't decrease. The real joke is the "lower energy prices" crap. When is that happening? They will export most of the gas & no prices will decrease. What are you paying at the pump?? A few will get rich, the government will get money & most of us will just live with a little & a lot of damage to the environment and our way of life. Look at NW PA with public land littered with pipelines. Look at the old coal regions. This is the way it is & will be. There really isn't an answer, but "drill baby drill" isn't as pretty as you all make it out to be.
You go girl
Smack down, Cindy, your claims don't add up, the facts don't lie. This is a 20 year chart of nat gas prices with MASSIVE declines in price for the last 8 years. If you live in a heated home then chance are you are a benefactor. I went all in as a young man in 1992, 1995, 1998 on my land and O/G rights were a big part of the negotiations. No one was standing in my way, the locals were not in line, I did not have to shoulder my way into these deals.
I suspect you rent or do not own any land with oil/gas rights. Geez, take it easy and stop pointing fingers at those who made good business decisions, no one ever got a job from a poor person.
You suspect wrong of course. Nat Gas is down. Energy prices are what we were discussing. How is your gasoline in LALA land? How about heating oil...electricity?? If you think Nat gas will stay down when they start exporting, you are delusional. This is not about energy independence. I happen to support gas drilling, but the changes I have seen are not pretty. I hope to get royalties in the future, but do not have stars in my eyes. I am convinced the end will not justify the means, but only time will tell. It's just not all as great a many say & as usual anyone with concern is either an anti or a renter as you claim. Have a real discussion for once.
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