4 ms·
Texas and the oil industry are one and the same, fully intertwined. God help the poor soul that owns land where a private oil company wants to build a pipeline
by scurvy 7y ago
Texas and the oil industry are one and the same, fully intertwined. God help the poor soul that owns land where a private oil company wants to build a pipeline or plant. Said land will be instantly seized by the company under eminent domain laws and the owner will get a pittance in return.
If you're cool with that, then Texas is a great place for you to live.
While this article is about Louisiana, the same laws (and practices) exist in Texas: https://www.nola.com/news/environment/article_75b4ff32-0d87-11ea-bd8f-1f9e52f23b31.html https://www.nola.com/news/environment/article_75b4ff32-0d87-...
- Keverw 7y agoYeah. Sadly you never really own your house. Even after you payoff the mortgage, which many won't because they always refinance and consolidate loans. But even if you do end up paying off the mortgage, then you have to pay rent to the government, which who knows when your neighborhood will be torn down to build a highway or high speed rail project. Then if you own the land, you don't even own the water, oil or whatever else might be under it. Remember abou a decade ago seeing something where a guy was disputing the county in Oregon over water rights, and they even illegally entered his property with no warrants or anythings.