SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (73145)4/3/2010 12:36:53 PM
From: Snowshoe  Read Replies (2) | Respond to of 74559
 
Are all the land and resources in New Zealand controlled by the national government? If so, I bet Helen and her coven liked that!

The USA was settled from east to west. Most of the land in the east was arable so it was parceled out to farmers and settlers. When the tide of settlement reached the arid mountainous west, the federal government retained large land areas but also gave large chunks to the states and railroads.

The initial goal of the Alaska purchase was to benefit the fishing interests. Folks weren't yet thinking much about oil in the 1860s.

When Alaska became a state in 1959, vast tracts of land were promised to the state to provide an economic base. Without this Alaska could not afford to be a state, so we'd still have to be a federal territory.



To: Maurice Winn who wrote (73145)4/4/2010 12:06:42 AM
From: Snowshoe  Read Replies (1) | Respond to of 74559
 
Oil and gas law in the United States
en.wikipedia.org

In the United States, oil and gas rights to a particular parcel may be owned by private individuals, corporations, Indian tribes, or by local, state, or federal governments. Oil and gas rights extend vertically downward from the property line. Unless explicitly separated by a deed, oil and gas rights are owned by the surface landowner. Once severed from surface ownership, oil and gas rights may be bought, sold, or transferred, like other real estate property.

Oil and gas rights offshore are owned by either the state or federal government and leased to oil companies for development.



To: Maurice Winn who wrote (73145)4/4/2010 12:45:00 AM
From: Snowshoe  Read Replies (1) | Respond to of 74559
 
Here's how my neighbor Wally got 100 million acres for Alaska...

Feds have abused their compact with Alaska
Wally Hickel
Published: January 3rd, 2009 10:42 PM

One day in 1952, I read in the newspaper that an Alaska Statehood Bill had passed the U.S. House and was headed for sure passage in the Senate. President Harry Truman favored the bill and was ready to sign it, and Alaska's pro-statehood leaders were overjoyed.

But the bill was a disaster. Out of 365 million acres in Alaska, it allocated just 3 million to the new state. There was no way we could succeed with such a small land and resource base.

My wife Ermalee and I flew to the nation's capital. I was determined to see President Harry Truman I couldn't get in to see him, but by chance, I ran into him in a Washington hotel lobby and explained my case.

"Son," he said, "they aren't going to listen to you. Hell, they don't listen to anyone back here."

Later, Sen. Robert Taft, the leading Senate Republican, agreed to see me. Taft was an opponent of Alaska statehood because he didn't think we could pay our own way.

I argued that if we were granted enough land and resources we would succeed. He asked, "How many acres do you need?" I blurted out, "100 million!"

He agreed with my reasoning and led the successful fight to re-commit that statehood bill.
When we got home, Bob Atwood, the publisher of the Anchorage Times and chairman of the Alaska Statehood Commission, wrote a lengthy editorial headlined "Hickel's Heckles" accusing me of derailing statehood.

But from then on, every Alaska statehood bill included a land entitlement of at least 100 million acres. Six years later our final statehood bill passed both houses, granting us 103 million acres.

The act also granted us ownership of all unreserved inland, navigable waters and management of fish and game. And in the so-called 90/10 provision, it designated to our new state 90 percent of revenues from resources developed on federal lands in Alaska.

more: adn.com