It might prove difficult to enforce those property rights anyway.
And speaking of such things, the Saudi's are buying semi-arid land in the U.S. to irrigate and grow....wait for it....hay.
Rather a waste of water but with the land goes the groundwater, riparian and other water rights.
From the Wall Street Journal:
Saudi Arabia’s potential sale of shares in its state-owned oil giant wouldn’t include the kingdom’s oil reserves and could be on local or international markets, the company’s chairman confirmed in an interview that aired Sunday.
“The reserves would not be sold, but the company’s ability to produce from the reserves is being studied,” Khalid al-Falih told Dubai-based al-Arabiya TV in an interview from Davos, Switzerland, where the annual World Economic Forum was held.
“The reserves will remain sovereign,” said the chairman of the Saudi Arabian Oil Co., better known as Saudi Aramco, adding that options were being studied to reach the best formula for the initial public offering.
Aramco says it has more than 260 billion barrels of proven oil reserves and the equivalent of 50 billion barrels of natural-gas reserves—more than 12 times the largest publicly traded oil company, Exxon Mobil Corp.
Analysts didn’t expect the IPO to include oil reserves, and the potential IPO could still create a publicly listed company valued in the trillions of dollars....MORE
