Is Bush and oil corporations just playing politics by making Dems and environmentalist look bad at the same time it stalls drilling and keeps prices high? Why isn't an investigation started into why the oil coporations aren't drill on their approved sites to drill?
None of this crap is making any sense, except that oil corporations are trying to make as much profit as they can. Am I wrong?Why don't oil corps drill on the 1,000s of acres congress approved for them %26amp; leave our shores %26amp; Alaska alone?
Yes, of course Bush and the oil companies are playing politics. They're hoping that by making this an election year issue/canard, the usually wimpy Democrats will cave to save political face.
Why now? Because Bush is extremely friendly to oil. The oil companies have no interest in actually pumping more oil, that would lower prices, and they don't want that.
Under Bush, they're more likely to have public resources basically given away to them for free. Under a Democratic administration, they might be expected to pay more to get the rights, and have to pay higher royalties once they do pump the oil, so they'd rather put pressure on to lock up the rights when they can still steal them from the American public.Why don't oil corps drill on the 1,000s of acres congress approved for them %26amp; leave our shores %26amp; Alaska alone?
The amount of land is only a few percentage points of the available land and plenty of it is not productive. That is why is it oil speculation.
Looks like you have no idea of the scale of what people are saying. Alaska drilling in ANWR would scale like this. If ANWR was a football field the amount of area needed for the drilling is a postage stamp. So what is the problem here?
For the same reason they won't come over to my house and drill for oil in my backyard. I'll lease them the mineral rights behind my back deck and they can drill for all the oil they want, the problem is there isn't any oil there.
They need to be allowed to drill for oil where there is a reasonable suspician that they'll actually find some.
In most countries the oil companies are nationalized,I think if the oil companies don't drill for it the government should do it, maybe with the help of the Army Corp of Engineers.That way they can ensure the strategic oil reserves are not used up and possibly add some competition. to lower the prices.
You lost me on ';make as much profit as they can';
who is not guilty of this sin?
Don't worry ..the oil companies won't hurt Alaska or your shores
The drilling is so far out you won't even see them.This is going to
happen sooner or later.
Oil is the life blood of the world
If we don't get it ..someone else will and that is life
Al Gore sure is a ninny stirring up the folks like this
Your contention is that oil companies have leases that they are not drilling but they want more leases to make as much profit as they can.
so lets think about that. if they could make a profit on what they can drill now why wouldnt they be doing it. So either you expect a company to do work for no profit or your whole argument is invalid.
so yes you are wrong.
what is any business's purpose? to make a profit.
i'm guessing, that the ones that do have oil, will not be profitable. pretty sure their bean counters figure that out before they do any actual drilling. they know where the oil is and roughly how much is there.
it wouldn't be prudent to drill it, if there is poor or no return on the investment. they need to operate this way to satisfy their shareholders.
Actually, it's more like 68,000,000 acres that Big Oil are squatting on.
Some of the far right claim that there's no oil there. If so, why has Big Oil not brought that fact to the attention of the government?? That would seem reasonable, wouldn't you think??
And to those right-wingers, please remember that about 1/3 of those leases are in the Gulf of Mexico. There are vast proven reserves there! No oil, my azz!
Probably because it's never enough. They aren't supposed to come on line for 5-10 years anyway. 250k barrels a day sounds like a lot until you see what we use, and what we're projected to use in ten years. Even if we had the largest supplies, we'd be exporting it in the name of saving our precious economy.
There is little or no oil on those acres. Oil companies lease a lot of land without knowing much about the recoverable deposits underneath. Upon further study, there sometimes turns out to be more oil than expected, and many times less than expected.
To Drill Or Not To Drill - That is the question ultimately answered by oil company geologists who try to find the oil.
';...by making Dems and environmentalist look bad...';
They aren't making me look bad. If I had my way we would have been energy independent by the mid-1990's. It was doable, and it still is.
My parents have a couple of acres so I wonder why they are not drilling there or why are they not drilling in everyone's back yard for that matter because every square inch of land has oil in it.
Maybe there is no oil there? Wouldn't it make sense to drill where there is oil?
There's not enough oil there to make it profitable for the company.
The same reason you don't breath under water. You breath where the air is right?
Clearly - you are wrong.
No you are right. The Republicans are just making a big deal about it now because they are trying to win an election. Drilling for oil will not help us out one bit in the short term and in the long term it will only help us out minimally. It would cut a couple of pennies off the cost from gas 15-20 years from now after they spent billions of dollars to get the oil from the ocean.
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