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Forum Post: Land Grab Cheats North Dakota Tribes Out of $1 Billion, Suits Allege

Posted 5 years ago on Feb. 24, 2013, 9:47 p.m. EST by GirlFriday (17435)
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But that last-resort land turns out to hold a wealth of oil, because it sits on the Bakken Shale, widely believed to be one of the world's largest deposits of crude. Until recently, that oil was difficult to extract, but hydraulic fracturing, combined with the ability to drill a well sideways underground, can tap it. The result, according to several senior tribal members and lawsuits filed last November and early this year in federal and state courts, has been a land grab involving everyone from tribal leaders accused of enriching themselves at the expense of their people, to oil speculators, to a New York hedge fund, to the federal government's Bureau of Indian Affairs.

The rush to get access to oil on tribal lands is part of the oil industry's larger push to secure drilling rights across the United States. Recent estimates show that the U.S. contains vast quantities of oil and gas. As fracking has opened new fields to drilling, and the U.S. has striven to get more of its energy from within its borders, leases from Louisiana to Pennsylvania have been gobbled up. Now the pressure is increasing on one of the last sizeable holdouts — lands owned by Native Americans.

A review of tribal and federal records as well as lawsuit documents reveals a dizzying array of lowball, non-competitive deals brokered by numerous companies, often entwined with the tribal council and with individual landholders on the reservation. But at heart the alleged practices are simple: Tribal leaders and outsiders set up companies to buy drilling rights cheap and flip them later for spectacular profits — in one case earning as much as a 200-fold return in just four years.


Hey, let's take another look at those committees.



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[-] 2 points by DKAtoday (33496) from Coon Rapids, MN 5 years ago

SOSDD - screw the indigenous populations for profits/money/resources/private business. Difference this time - "IS" - That every living creature is gonna get screwed this time around.

[-] 2 points by GirlFriday (17435) 5 years ago

Because it wasn't anyone's problem? Or because they firmly believed that the people of today didn't have to pay for the mistakes of the prior generations?

I'm frustrated.

[-] 2 points by DKAtoday (33496) from Coon Rapids, MN 5 years ago

I'm frustrated.

Me Too and more then a little pissed off that so few are seeing or reacting to the truth that those in power are not caring in the slightest for tomorrow.

[-] 3 points by GirlFriday (17435) 5 years ago

Yep. And people. It has to be people before profit.

[-] 2 points by DKAtoday (33496) from Coon Rapids, MN 5 years ago

Yes - People Health Environment - World Wide.

[-] 1 points by OTP (-203) from Tampa, FL 5 years ago

The government backed out on a deal? Im shocked.

Wow, Ive lost 30 points in about 30 minutes. Someone is getting a bit crazy.