❌ SB132
Enact the PRESERVE Act
Current Status: In Senate Committee (Agriculture and Natural Resources)
Summary
The bill prohibits the removal of oil or gas from under state lands via horizontal wells and mandates that no permits or leases for such extraction can be issued by state authorities.
Rationale
The bill restricts property rights by prohibiting the extraction of natural resources, which conflicts with the Libertarian principles of property rights and free markets.
Risks and Concerns
- Potential negative impact on property rights
- Increased government control over natural resources
- Discouragement of private investment in energy sector