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166. Mine! How the Hidden Rules of Ownership Control Our Lives (Michael Heller & James Salzman)

The Michael Shermer Show

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Oil Drilling

In many countries, that's not true. Even if it attaches to you as a surface owner, it doesn't mean you can sink your own well. So what many states have done is create like essentially a corporation or a condo of landowners. It's called a unit unitization of landowners. And all of you together are going to operate o that oil field as if you were a single owner. That kind of solution is available much more broadly than just for oil.

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