What's the matter with Oklahoma?

Investment Analysis Clubs Macro Economic Trends and Risks
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“It’s a huge loss of opportunity, not only for the state and our economic well being, but for individuals and people who could have moved here but chose not to,” Rep. Dollens said.

The deal on the table was that Panasonic would receive $698 million in subsidies if it invests at least $3.6 billion in the plant and creates 3,500 jobs within four years. The plant was set to be located at Mid-America park in Pryor.

A Panisonic spokesperson said in a statement, “after careful deliberations, we have made the decision not to move forward with developing the site.”

Rep. Dollens largely blames education and healthcare laws as the reasons companies turn away from Oklahoma.

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Choices have consequences. Apparently, their choices are now being determined to be “unacceptable to major businesses”. Never mind the fact there is nothing else to attract workers to the state.

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Oklahoma has always been a major oil state. Also has coal. And wind farms. Remember the dust bowl. Lots of wind.

They should do ok in the transition to green energy. But lacks mountains and beaches preferred by yuppies.

Isn’t Oklahoma one of the places that will pay you to move in–provided you stay for x years?

And they worry about tornados. Earthquakes?

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https://www.usgs.gov/faqs/oklahoma-has-had-surge-earthquakes-2009-are-they-due-fracking#:~:text=The%20majority%20of%20earthquakes%20in,water%20or%20drinking%20water%20aquifers.

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Ice storms. I spent a boring afternoon/evening in the Phoenix airport, because an ice storm in Oklahoma had totally scrambled Southwest’s system. My 8pm arrival in Detroit ended up being 5am.

Steve

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I wonder if this also influences the choice?

:face_with_monocle:
ralph

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So Indians own the the TOP layer of the state but the oil and gas companies own everything BELOW the top layer? Or what?

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If the people didn’t own the mineral rights and sold them, do the oil companies who bought them own them?

I’d like to talk to you about a bridge in Brooklyn and San Francisco too.

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Too late. Already for sale. All cash, sold “as-is, where-is”.

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In news from this summer:

Back in Oklahoma, the Osage at least own the mineral rights.

Under the Osage Allotment Act of 1906, the tribe owns the rights to the minerals beneath the land it bought from the Cherokee Nation in the late 1800s. Those mineral rights include oil, natural gas, and the rocks that Enel mined and crushed for the wind project.

DB2

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Many constitutions, including Venezuela, state that the mineral rights belong to the state, not to the owner of the land.

The Captain

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