Quote:
Originally Posted by fotze
Oil, I think they can afford to give more. Gas, not at all.
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I would agree with you on the gas part, the only thing I would say is that the downturn in the natural gas market is part of a natural market swing. These companies in the natural gas area are struggling right now without the royalty increase. However, a short term re-adjustment in the natural gas market with the long range result of a fairer royalty regime would be preferable in my mind. I certainly know that Gwyn Morgan was not pointing out the excessive amount of money they were making a few years ago when natural gas was at an all time high. They have to put in the system eventually, perhaps you grandfather the natural gas, but I would do the oil royalty right now..