Abstract

ABSTRACTHypothetical state or federal bans on the extraction of petroleum and natural gas in the United States, particularly if such prohibitions interrupted active mineral leases, would likely provoke a slew of takings claims. The prevailing legal framework, along with controlling precedent from the Supreme Court and federal Courts of Appeals, suggests that many such takings claims would fail. Certain federal leaseholders and owners of freehold mineral estates, however, would probably have colorable claims. The state and federal governments should therefore consider takings law when formulating any environmental policy that would limit fossil resource extraction.

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