In America, if you are a landowner, you own the minerals vertically underneath your plot. So if there is shale, you get a share.
Sentiment: NEGATIVE
Most people who are selling their mineral rights, this is a once-in-a-lifetime transaction. The people who are buying, the landmen who are coming in, do it every day. So there's a little inequity there about knowledge.
I'm not sure we could spell 'shale' in 2008.
Shale is one answer to the U.K.'s energy problem, and it has obviously worked extraordinarily well in America.
Colorado's collective shale deposits contain somewhere in the neighborhood of 1 trillion barrels of oil. That's almost as much as the entire world's proven oil reserves!
There are some geologists involved with prospecting for oil and other hidden resources who can pick up a rock and say, 'Yes, there's oil under there.' A geologist who has been studying those kinds of rocks for 10 or 20 years is able to make that pronouncement.
We have been blessed in many respects with the explosion of the development of shale gas resources here in North America. It's both U.S. and in Canada.
Geologists have a saying - rocks remember.
It is in men as in soils where sometimes there is a vein of gold which the owner knows not.
It proved easier to buy the farm to get the mineral rights than to buy the coal rights alone.
The stones in your driveway may have come from the slaves who spend all day breaking rocks because it's cheaper for the company to get them from India, where the labor is free. We are all connected. And we all have human value. That's what my work is about.
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