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Wyoming bans conservation bidders from oil and gas lease sales - WyoFile (wyofile.com)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 20 points 4 months ago (2 children)

This doesn't stink of shitty lobbying or corruption...does Wyoming get a kick back for what's mined/drilled after the rights are transferred? Oh they don't‽ Then why the fuck do they care as long as the check clears.

[–] [email protected] 16 points 4 months ago

does Wyoming get a kick back for what’s mined/drilled after the rights are transferred?

As a matter of fact production does get taxed. So 12k up front for the lease is a pittance compared to what the ongoing can bring.

[–] Zipitydew 11 points 4 months ago

Wyoming has been taken over by billionaires. You can't just have people buying up land and not destroying it. There is value to extract.