Under this proposal, every adult in the US would be entitled to 12.8 acres of mineral rights to offshore production. A lottery could be set up to randomly assign 12.8 acres to every American. You may end up with mineral rights to acreage south of Canada???s Hibernia offshore project 300 miles south of Newfoundland that is producing 50,000 barrels a day from only one well. The resulting lottery would create ten of thousands of instant American millionaires whose acreage abuts known contiguous offshore oil fields. Those millionaires will also include ordinary Democrats. A market to buy and sell acreage rights could be created which would put money into the pockets of those who acreage contains unknown oil potential. Turning over the acreage to ordinary Americans to collect leasing revenues and royalty rights will empower Americans and stimulate the economy. We do not need the Minerals Management Service of the Department of Interior and Nancy Pelosi to argue over the next four years which tracts of land should be leased and have that money end up going into the General Treasury. Its your money and you can get it now when you sell the rights to drill for oil and collect your royalties for the next twenty years.
Give the land to every American and they can expeditiously see to the leasing of the land. Mercedes Benz limousine liberals and wacko environmentalists can finally keep their mouths shut and instead use their own fat checkbooks to buy up acreage and prevent development if they choose with the acreage they buy from ordinary Americans. Let Barack Obama and the Democrats tell the American people that they are better trustees of the offshore land with limited or no development and that each American is not entitled and should not profit from their 12.8 acres of offshore land.
Leasing and royalty payments are not insignifcant even for small acreage. An example is east of Fort Worth Texas where natural gas drilling companies are paying 25 percent royalties and $3000 leasing payments to owners of quarter acre homes for natural gas drilling rights under their homes. I am sure that most Democrats will abandon their Obama for the chance to become an instant millionaire with their twelve acre offshore free federal lottery. Sign up today for your free twelve acres. Oil drilling companies will be contacting you once your acreage is assigned.









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