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Nevvy Z posted:I had this idea recently. Someone should setup a system by which I can buy a couple hundred bucks of gas redeemable whenever. Basically small scale private speculation by the x number of gallons. That system exists. It's called a barrel. Joking aside, I still don't see it as a great idea if only very simply because existing distribution networks have zero incentive to let you buy cheap gas and then hold it in some sort of virtual reserve rather than just selling you expensive gas later.
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Jan 12, 2016 22:59
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Shifty Pony posted:I was also under the impression that a lot of the leases in TX at least were written in a way that if they weren't being actively worked they would eventually revert back to the owner of the land. A lot of people got burned by the last Texas oil boom/bust where the leased land sat idle because the company it was leased to didn't want to do anything until prices recovered. I'm not super sure on leases, but mineral rights in Texas more generally are pretty fucky. And they trump surface rights. Doesn't matter how much surface you own, if someone else has the minerals they can build wells and roads and all other manner of poo poo all over your land with no compensation even if they gently caress poo poo up or destroy your property value.
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Jan 13, 2016 03:47
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