Quote:
Originally Posted by WilsonFourTwo
I've always seen that as a bogus argument used to support lower royalty rates. The pie is, was and will always be the same size.
The REAL differences that comes from an increased royalty rate......the rate in which the resources get exploited, and the dollars brought in for the resource.
And no, I don't advocate killing the oil patch......but I also don't see the need to give up all the resources as quickly as possible.
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Time value of money. $1 now is worth more than $1 tomorrow.