Quote:
Originally Posted by Wiggum_PI
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This is a great analog for how oil companies feel about changes to the royalty structure.
Companies bid on public landsales on agreements that include a royalty payment to the Crown. Bids would be significantly less if companies knew that royalties could arbitrarily and unilaterally change, yet many people seem to think it's acceptable for the government to just change royalties too.
It's the same thing but seems to be viewed differently.