Talking about foreign ownership is not really relavent to this issue. The majority of energy companies in the western hemisphere are publically traded companies which, means they are not locally owned they are globaly owned. If you want more local ownership then go out and buy more energy stock but in a capitalistic economy we do not have state owned energy companies. The real issue hear is the hard fact that if you make gas production more expensive by increasing royalties; companies will stop investing. Over the last few years the Canadian Deep Basin has already become the most expensive basin to operate in the world and companies are already rolling back there capital investment. If the royalties go up they will invest less, it is really pretty simple.
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