Thanks for the response, I have read little of libertarian philosophies so it is nice to get overview from nirvana and yourself.
If don't mind answering another question, if georgism is the left-libertarian answer what is the right-libertarian answer?
Examples like this often provide strong challenges to the right-wing libertarian view on property. As a left-libertarian, I'd like to offer that some of us do consider monopolization of natural resources to constitute aggression, since resources are originally unowned. This is known as Georgism: http://en.wikipedia.org/wiki/Georgism