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America’s Secret Google

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Presentation on theme: "America’s Secret Google"— Presentation transcript:

1 America’s Secret Google
Robert Bryce Jordan Smith Chapter 24

2 Mineral Rights Mineral rights in 2007 equaled the same revenue as Google - $21.8 Billion Barnett Shale in Texas had people getting $25,000 per acre for drilling rights.

3 Wealth From Oil Mike Smith – $1.3 million plus 25% of all the gas output from his 300 acre of land. Colorado jobs – 71,000 in 2005 were attributed to oil and gas. Oklahoma jobs – 14% of states employment and 18% of states income.

4 Questions Can you own mineral rights in America?
yes What percent of Oklahoma’s jobs come from oil? 14%

5 Resources Bryce, R. (2010). Power hungry: The myths of "green" energy and the real fuels of the future. New York, NY: PublicAffairs.


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