I just read an article about how North Dakota suddenly has a bunch of millionares, because with oil so high, companies are drilling where they can get the leases. States like North Dakota let the land owner sell the lease directly to the oil companies. States like Alaska have state owned leases, and the State currently taxes the living daylights out of the producers at this point. The governor has been likened to Chavez.
Just a side note, I thought the "strategic oil reserve" wasn't necessarily to help economically (i.e. reduce prices), but more in the case of severe supply shortage, like after Hurricane Katrina.
I just read an article about how North Dakota suddenly has a bunch of millionares, because with oil so high, companies are drilling where they can get the leases. States like North Dakota let the land owner sell the lease directly to the oil companies. States like Alaska have state owned leases, and the State currently taxes the living daylights out of the producers at this point. The governor has been likened to Chavez.
Just a side note, I thought the "strategic oil reserve" wasn't necessarily to help economically (i.e. reduce prices), but more in the case of severe supply shortage, like after Hurricane Katrina.