Showing posts with label abstractors. Show all posts
Showing posts with label abstractors. Show all posts

August 02, 2012

Courthouse blues

I have visited more courthouses this spring and summer than the average career criminal whilst roaming the state to drum up support for a Future Fund for West Virginia (aka a natural resources trust fund). One thing I noticed up north is the way swarms of abstractors and gas company agents are combing through property records looking for suckers to exploit  land owners willing to engage in mutually beneficial natural gas transactions.

The wheels of commerce and all that. But it kind of gave me the creeps. Anyhow, here's a good article from the Daily Mail about the rush on courthouses in Marcellus Shale country.

ON THAT NOTE, Stephen Colbert tweeted this today:

I hope they find water on Mars. That means we'll be able to frack there.

OLYMPIC MOMENT. A hearty Goat Rope congratulations goes out to Kayla Harrison, who became the first American athlete ever to win an Olympic gold medal in judo. The martial art has been an Olympic sport since the 1964 Tokyo games. By way of background, judo grew out of ju jitsu, the samurai's art of weaponless fighting. Judo's founder, Dr. Jigoro Kano, studied various ju jitsu styles, took out the nasty stuff and came up with a sport that was safe to practice while also retaining its effectiveness.

I HAVEN'T READ THIS YET, but you can do it and tell me about it. It's a report from the Congressional Research Service on mountaintop removal mining.

URGENT CANNIBALISTIC SPIDER UPDATE here.

GOAT ROPE ADVISORY LEVEL: ELEVATED

June 12, 2012

Abstract thoughts

I used to think that there were two kinds of people: those who were comfortable in courthouses and those who weren't. I fell into the latter category. This could be because I mostly go into mine to deal with things like taxes on cars and such and have to go through a metal detector to do that.

Lately, however, I've been spending a good bit of time in courthouses around the state talking to county commissions and economic development authorities about the need to create a Future Fund for West Virginia from natural resource severance taxes. I've found that some of them are really nice and welcoming. As in friendly places without metal detectors.

One kind of creepy thing that I've heard about and have seen in some courthouses, however, is a real sign of the times in the Marcellus Shale boom areas, to wit, swarms of abstractors scavenging tax and property records to find victims ...I mean landowners who may or may not own mineral rights to the places they live on. It can often the first step in ruining the lives and health of some inoffensive rural family.

It reminds me of the old stories about how unsuspecting farmers were swindled out of their land in the early days of the coal boom 100 or so years ago.

I think a lot of local people have the same reaction I do to the swarm. Here's one anecdote: while eating at a local restaurant in one north central county with a friend on the Future Fund trail, a waitress gave us a good looking over and tentatively said, "Y'all aren't abstractors are you?" I assured her that we weren't and that they gave me the creeps too. She said she was concerned about the quality of life in the area and was worried about how things would change if and when a major land grab got going there.

I can't say I disagree. I do hope that at least this time around we find away to limit the damage and get something out of it.

MY FINGERS ARE CROSSED. There have been some interesting developments in the federal investigation of Massey Energy's Upper Big Branch disaster that might signal prosecutions moving up the corporate ladder.

IT WASN'T JUST YOUR IMAGINATION. The Great Recession was really bad.

UP WITH THE CHICKENS?  You may be happier.

GOAT ROPE ADVISORY LEVEL: ELEVATED