Makes no sense to me

While the oil companies are recording record profits and oil-producing nations are awash in cash, the income from the oil and gas you own (if you are an American citizen) is up just 8% from 2001-2005. (About one-third of all the oil and gas produced in the U.S. comes from federal land.)

That’s eight percent at the same time the price of oil is up 90% and the price of natural gas up 30%.

Presumably production from federal lands is down 20% and that explains the small increase in income.

Sure.

One thought on “Makes no sense to me”

  1. All I know is that all my father’s wells — and all the wells owned by his family members — are capped. Make of that what you will.

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