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Gold/Mining/Energy : coastal caribbean (cco@) -- Ignore unavailable to you. Want to Upgrade?

To: Edwin S. Fujinaka who wrote (567)	10/2/1998 2:23:00 PM
From: SnakeInATuxedo	Read Replies (1) \| Respond to of 4686

They should approach the State as any good negotiator would do in a position of strength: throw down the biggest plausible number possible, wait for the State to put on a clean pair of underwear, and let the fun begin. $^)

To: Edwin S. Fujinaka who wrote (567)	10/2/1998 2:35:00 PM
From: Tom Frederick	Read Replies (2) \| Respond to of 4686

Mr. Fujinaka, You just said the magic number...a BILLION dollars. And that is what will be very hard to sell to the taxpayers of Florida. I am not doubting your math or your logic. But I see the sheer size of the potential settlement as a very sticky problem for the state govt to get approved. Imagine yourself as a Florida coastal resident, being told by the governor that the state is about the shell out a BILLION dollars to buy back leases so that an oil company won't drill. Imagine if it were $6 BILLION or more. This has nothing to do with what is fair or reasonable or logical in terms of the CCO leases real worth. It is a political dilemma. The state wants to protect coastline. The residents need to go to the hip (ultimately) to pay for the pristine coast. That is why I would not be surprised if a "deal" were worked out to allow a specific and very rich area to be explored and leave the rest alone to try and walk the line between the environment and tax revenue vs. large tax expense. Tom F.