Quote:
Originally Posted by redforever
The oil and gas companies can take a lot of the blame here. And don't start sounding off on how I know nothing about the oil and gas industry. We own private oil and gas companies, my husband has been in oil and gas exploration all of his employed life and my daughter is a geologist as well.
The oil companies simply did not bring their perspective down to a common denominator that could be understood by anyone not employed by the oil and gas industry. They might have known what they were talking about, they might have been correct, but they simply could not explain the scenario to Dick and Jane on the street.
Sure, they took out full page ads to try and get their point across. Anyone remember those or try to read them? You lost Dick or Jane by the end of the first paragraph. And it was Dick or Jane that were convinced they were being screwed over so they were the ones the oil and gas companies had to reach.
|
I think it's next to impossible for oil companies to explain to the public, in relatively simple terms, how the royalties will affect the oil industry. Can you imagine how to explain all the items related to a farmout, or all the things that have to happen from the time you buy an oil and gas lease till the time you get your first dollar out of it 5 years later?.
In my view the whole thing is too complex for Dick and Jane. And unfortunately until they start losing their job, see their house and overall net worth start to decrease in value, etc. they will go on believing that the Government knows what's best for the people.