Quote:
|
property owners are lured into contracts with oil company's
|
"lured" = offered a free market value, which they are free to accept or decline?
Quote:
|
Up north some of the banks are going out of business as the first thing the " little guy" does when he gets some money in his pocket is pay his house off.
|
What banks are solvent solely due to home loans held by potential oil land lease holders? How does a bank go out of business now for interest payments not received in the future? Banks will have increased liquidity, increaasing their ability to make loans *and* investments. It would also stand to reason that the homeowners would also now be able to keep more money in savings, checking, and CD's.
Quote:
|
There are going to be many Rich people out of this deal....
|
Interesting capitalization.