Remember, new leases can be issued but have more hurdles put in front of them so that the final permitting process to actually use the leases takes so long and is so cost prohibitive that the oil or gas stays in the ground.
ANWR comes to mind.
How about an end around ? Up is paid to reactivate line and allows them to lease route for $1.00 a year or gets unlimited track rights. Then where are the Nimbys ?
How about an end around ? Up is paid to reactivate line and allows them to lease route for $1.00 a year or get unlimited track rights. Then where are the Nimbys ?
It would be interesting to see who owns 2nd, 3rd or 4th log cabin mansions in Minturn.
At the same time it sounds like RGP did not provide much detail. UP is not going to put a dime into reactivation, I would think.
"UP is not going to put a dime into reactivation, I would think."
-Time will tell. All the moves are not in play yet. The chess game moves on.
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