There must be an equitable arrangement for the actual party that ultimately does own the asset . No point having everything pillaged and you end up with poisoned and polluted groundwater and a foul atmosphere. I thought this only went on in third world countries .....Oops that's right ,that's freedom at work....seems some people are more free than others.

eom

Pay them big subsidies for the privilege of having our land and water destroyed

distribute them, they should make a profit--a reasonable one after they have paid the American people for the privelege!!

Is there a site with info on this? I saw a piece on "The Young Turks" how the US gets almost nothing for the oil/gas etc extracted on US land while in foreign countries it's something like 80%.

I did a search and didn't come up with anything that really talked about this - was looking for a good summary etc to post on FB page.

And I think 25% may be a start but I want more like 75%+ !

...any more than it is to privately owned houses, farm crops, or water wells. Fee ownership is fee ownership, be it surface or sub-surface.

And 25% is pretty much the top royalty rate which private mineral owners are getting under oil and gas leases these days---it's not "a good place to start."

I pay the state just under $1,000 a year to rent our place from them. If I do not pay it they have an auction and that determines the next renter - who thinks he owns the place, but he's wrong.

How far does that ownership extend back and were the original owners willing participants?

The federal government owns millions and millions of mineral rights acres, particularly in the western part of the country. The states own some, as well. But private individuals own most of the realty in this country, mineral rights included (making the U.S. one of the very few countries to allow its citizens to own minerals). Unless prior mineral owners have reserved a full or partial interest, energy companies deal only with the current owners---prior "original owners" have no say in the matter. That's not some evil oil industry plot, that's centuries of common law in place. The land owners remain the legal owners of the mineral rights---energy companies lease those rights, and control them for as long as their leases are effective.

Go back further than the original settlers.....there was no terra nulius...I may be wrong as I'm not familiar with the USA treatment of the indigenous people's.

outside our nations borders there should be a replacement, BTU for BTU, of a clean energy source.

I have read it would be the richest state in the country.

As a land owner here in WV I was paid $1 per ton for the coal that was removed when this place was stripped. I still own all the gas rights.

I think your 25% is way too high, but then a lot depends on what sort of recoupment of costs schemes are available to the particular industry relative to the type of extraction they will practice in removing the materials. And yes, this should be applied to gas and oil removed from private property too, because in the end the resource belongs to us all, not just the owner of the acre where the well is situated.

Call it whatever you want... perhaps just call it a resource tax. Right now the American People are treated in the same manner as Amazonian natives when it comes to resource ownership.

As I say up-thread, the U.S. is one of a very few nations which allow the private ownership of mineral resources. Most nations lay claim to all the oil, gas and other minerals within their boundaries, and their citizens receive only that income from those resources as their government sees fit to allocate (hint: it usually isn't much, if any at all). In the U.S., minerals from federal lands are by-and-large administered by the Bureau of Land Management; state land minerals are overseen by state agencies, and privately-owned minerals and their owners are entitled to income from those minerals, when they are developed. If you doubt me on this, I suggest you contact a private landowner in North Dakota, eastern Ohio, or south Texas---places where significant, high-dollar oil and gas shale plays are currently ongoing---and demand that they turn some of their royalty payments over to you and the rest of the public, because you feel you're entitled to it. Ask them if they want to swap places with Amazonian tribesmen in terms of the energy revenues they're receiving, these days. Lotsa luck with that.....

And do the same thing

Then it will be AMERICAN gas, and AMERICAN oil.

Until then it belongs to whoever digs it up.