If oil deals where you do not even own the land seem odd from a real estate perspective, then even odder are my marine farms in the Marlborough Sounds in New Zealand. With the entire operation being out at sea, it stretches the meaning of the word real in real estate. The Marlborough Sounds are [...]
Archive for June, 2009
Natural Resources and Real Estates
In most countries, if you strike oil or minerals on land you own, you do not automatically own the oil or minerals. Most governments have decided that a citizen may own the title to a piece of land, but the government owns anything of value underneath it. One of the great things about the United [...]