Re:Oil plummets 30% as OPEC deal failure sparks price war fears
by kevin_thibedeau on Monday March 09, 2020 @03:24AM
(#22523581)
Save for the multitude of sovereign nations within the US that aren't allowed to control their mineral rights.
People in the US can still claim federal land in the US for basically free, if they are going to mine productive minerals due to The General Mining Act of 1872[1]. Oil and coal leases are different and the government takes a 8%-12.5% royalty. Still not very much. Most of the value goes to a large number of people in the country, not to the government.
[1]https://en.wikipedia.org/wiki/General_Mining_Act_of_1872