Originally posted by: Lemon law
Originally posted by: PokerGuy
Originally posted by: Lemon law
The whole off shore drilling thing is a fairly simple issue. The democrats wants to oil companies to drill on the 88 million acres of leases they already have
before they lease simply more land for the oil companies to sit on and not drill on.
My God, how many times will that BS get repeated? If the companies are not drilling on the land for which they hold lease rights, it's because there is no oil there (or not enough to be profitably gotten). You're delusional if you believe companies like Exxon would rather deal with tyrants and crazy people like Chavez when there's plenty of oil easily available on these leased lands. The fact that they are not means it's not feasible/profitable to do.
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Poker Guy, you have some inordinate faith in free markets and the honesty of oil companies.
The higher the price of oil, the more money that sticks to their hands. And you never notice, any time the supply moderates, oil companies find it necessary to do maintenance or claim supply problems.
And maybe you think the power crisis, the S&L bail out, Enron, and the recent lending crisis just happen randomly, but the root cause is always corporate corruption and conspiracy.
Poker Guy, you are the most gullible guy on the planet. Maybe you favor spending your taxpayer bucks on buying a Brooklin Bridge bill of good, but oh no you don't with my taxpayer bucks.
In terms of your argument on drilling, they bid on these leases years ago and then just let them sit as prices rise. In some few cases, there is now some evidence that a few of those lease are not that as good as they initially appeared, but most of them have not even had a single test well sunk, had any exploratory work done, and there is simply no evidence for your claim. If the damn oil companies won't drill, lease those claims to some one who will drill now. Drill on the lease or lose the lease is the proper answer and to do otherwise simply invites the oil companies to sit on them forever as they lock up the supply.