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European legal systems have a huge obstacle to fracking that the US doesn't: mineral rights are almost always severed from property rights in every European cou
by OgsyedIE 2y ago
European legal systems have a huge obstacle to fracking that the US doesn't: mineral rights are almost always severed from property rights in every European country. In the majority of the USA, if you own your home you own the oil one-point-four miles underneath it and can get royalties.
In almost every part of Europe, you don't have any right to subsurface assets and have to eat the rare (but significant when they do occur) groundwater and seismic harms without recompense. The legal systems incentivise rational people to adopt NIMBYism.
- rascul 2y ago> In the majority of the USA, if you own your home you own the oil one-point-four miles underneath it and can get royalties. Generally not in any areas where there's something potentially valuable in the ground, though. Mineral rights tend to be separate there.
- whatshisface 2y agoMineral exploitation doesn't really happen underneath housing developments, it's almost all in rural areas where rights were never divided up.
- deleted 2y ago[deleted]
- blackguardx 2y agoNot owning mineral rights on your property is very common in much of Colorado where there is lots of oil and gas development.