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Originally Posted by VigorsTheGrey
Who does all the oil under the ground belong to? Should not it belong to all of earth's people?
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The oil under the ground belongs to whoever owns the ground. What claims would anyone else have to it?
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Why should private corporations be the only ones allowed to profit from its extractions and use....same with other minerals and natural resources...
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They are not the only ones that profit. They pay the owners, private or public, for the right to drill. And they take the risk of losing their investment. It's called free market capitalism.
