- Joined
- 26 March 2014
- Posts
- 19,910
- Reactions
- 12,349
Governments own the resources, they give companies the rights to extract them and then sell them for a profit. If there was no government ownership they could not require a reserve like WA does.Neither WA nor the feds own what has been extracted from the ground once permitted.
I can't make it any clearer!
If they did, then once extracted either government - assuming your concept of ownership - could sell it. That does not happen.
You have confused the ability to attract royalties from what is extracted, with actual ownership.