In this PERC Case Study, Sierra Crane-Murdoch explores the challenges facing a tribe atop the nation’s biggest oil play. While mineral owners off the reservation have earned thousands of dollars for each acre leased, most allottees within have earned only a few hundred.
To keep the water running in LasVegas, recognize scarcity and let water rates rise-- double or even triple. Encourage homeowners to trade water rights. Let the market determine how much water people use, not the water police.