(Chapter 13)CONSTITUTIONAL PROTECTIONS FOR MINERAL INTEREST HOLDERS: OIL AND GAS REGULATION AND THE TAKINGS CLAUSE

摘要

The recent growth of oil and natural gas production in the United States has been nothing short of astonishing. Technical advancements that allow producers to identify promising sources of oil and gas and to extract hydrocarbons from previously inaccessible geologic formations, combined with the entrepreneurial ingenuity of American industry, have resulted in American energy companies reaching production levels once thought impossible. This "new paradigm of abundant low-cost" oil and gas resources has transformed conventional understandings of the energy landscape, allowing some to predict "millions of new jobs and the 'reindustrial-ization of America' " as well as imminent American energy independence.