That's just the number they pay to even be there. Then there is the Jobs created to perform the extraction, and the money it generates in Taxes as well...
Again, your ignorance on the matter notwithstanding. On Oct 26, 6:31 pm, "Mark Kahle" <[EMAIL PROTECTED]> wrote: > Granted, my numbers were old.... your numbers PROVE your stupidity at > calling that an income to the Government. Hope you feel right proud of > not only calling yourself stupid but proving it as well. > > On 10/26/08, Gaar <[EMAIL PROTECTED]> wrote: > > > > > > > > > On Oct 26, 6:17 pm, "Mark Kahle" <[EMAIL PROTECTED]> wrote: > > > yeah..... in Az/NM a buck an acre............ great income..... your > > > laughable stupidity at calling that an income not withstanding. > > > You are calling others ignorant, as you pull numbers out your ass, yet > > again?!?!?!? > > >http://www.ewg.org/oil_and_gas/part2.php > > > How much do leases cost? > > On auction day or at a time specified by an authorized officer, > > winning bidders pay an administrative fee of $75 per lease, the first > > year's rent of $1.50 per acre, and at least $2 per acre of their > > "bonus bid." (The minimum bid is $2 per acre; the bonus bid is what > > bidders offer above the minimum.) Winning bidders pay the balance of > > the bonus bid to BLM within 10 working days of the auction. > > > In addition to the initial payment, lessees pay rental rates of $1.50 > > per acre for the first five years for all leases beginning after > > December 22, 1987. Rates are $2 per acre for any additional year. > > Other rates may apply for leases that began prior to December 22, > > 1987. Rates can reach $10 per acre or higher for leases that are > > terminated and subsequently reinstated. > > -- > Mark M. Kahle > Blessed are the bewildered for they don't know the difference.... Me- Hide > quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
