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From: JAB <here@is.invalid>
Newsgroups: misc.news.internet.discuss
Subject: Re: 'drill, baby, drill'
Date: Fri, 29 Nov 2024 11:30:59 -0600
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On Fri, 29 Nov 2024 10:51:55 +0100, D <nospam@example.net> wrote:

>That means the US oil belongs to the owners of the land
> under which it resides, that is, the companies.

Land owners and Uncle Sam have leased their land to oil companies, who
drill for oil/gas.

AI Overview

No, oil companies typically do not own the land they drill on;
instead, they lease mineral rights from landowners, meaning they pay
to access and extract oil and gas beneath the surface of the land,
without owning the surface land itself. 
===============================================

>One exception is Alaska, and they have a state-tax (?) or something, and 
>the money is then distributed to the inhabitans in alaska. 

AI Overview

Yes, all US states that produce oil or natural gas can tax oil
production: 

    Ad valorem taxes: These taxes can be based on the value of the
property, the value of the equipment, or the fair market value of the
natural resources. 

Severance taxes: Also known as gross production taxes, these taxes are
imposed on the extraction of non-renewable resources like oil, natural
gas, and coal. At least 36 states impose a severance tax, and 31 of
those states tax the extraction of oil and gas. 

Local property taxes: These taxes are levied on the value of oil and
gas property. 

Oil and gas lease revenues: These revenues come from state and federal
lands.