An account of mineral rights in USA. In post war world, there is apparently a huge demand of gas and oil energy.

Both are needed to run automobiles and other essential means. One simply cannot do without these. The countries that have huge reserves of these are on the bright side. This is because oil and gas is the most scarce energy resources in the world and are the most expensive. Though new forms of energey like water, solar and wind have come up but the technology and accesibilty to use them on a large scale is still a hundred years away. The oil reserves on earth are estimated to last just about 50 years or more. So a desperate need to secure mineral rights on these is necessary for those nations who do not possess these resources. The countries that are rich in these resources are scattered across the middle east, other countries in Asia and Africa. The other minerals are equally important. The countries that do not have these resources are located in the West. American countries and Europe do not possess much of these. So they have secured their mineal rights to ensure that they have enough resources to meet their needs. It is just like you secure a patent or copyright. Once you legally secure it, it becomes your own. You could the mineral resource in the way you please. There are proper laws and legal procedures to do so. In other countries, there is a proper system to be followed to get mineral rights. It depends totally on the other country as to what conditions it would lay down for securing mineral rights. It is not that mineral rights could be given for all the mineral ores. It is prescribed to be given to a certain set of minerals and capacity. It is obvious that which country would like to give away all its resources to others. Mineral rights in todays world are tough to secure when there is so much demand of mineral ores and energy resources. The resources are scarce but the demand is so much. Countries that do not have these resources are ready to pay huge chunks of money to fill up their reserves as no one wants to run out of these as they are no substitutions for them on a larger scale. Mineral rights and patents are therefore the need of the hour.