In the pocket of big oil? No, Not bush a crew!
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Moderator: Jim O'Bryan
Jim DeVito wrote:You cry and complain about not getting to drill just off the coast. Then when we say you can have the offshore areas to drill but you will have to pay for it by giving back generous tax breaks for the oil company, you get all hot and bothered and cry veto.
In the pocket of big oil? No, Not bush a crew!
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How about the other 574,000,000 acres?Jim O'Bryan wrote:Jim DeVito wrote:You cry and complain about not getting to drill just off the coast. Then when we say you can have the offshore areas to drill but you will have to pay for it by giving back generous tax breaks for the oil company, you get all hot and bothered and cry veto.
In the pocket of big oil? No, Not bush a crew!
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I got a kick out of Olberman last night that had a Republican Congresswoman on who said, it would not matter.
[b]Oil companies were given right to drill in 45,000 acres [/b]in the past two years, and they have no even gone on to the property. This is property they lobbied to get open for oil drilling that was park lands.
Nothing.
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Jim DeVito wrote:You cry and complain about not getting to drill just off the coast. Then when we say you can have the offshore areas to drill but you will have to pay for it by giving back generous tax breaks for the oil company, you get all hot and bothered and cry veto.
look out for the weedsJim DeVito wrote:Stephen Eisel wrote:If there is oil in my front yard then go ahead and drill....sharon kinsella wrote:I think it should start with Stephen's front yard.
You are going to regret saying that when you find me under the cover of darkness digging a really big hole in you front yard.
The bill will increase energy taxes on gasoline and home heating oil.
The bill will provide billions of tax dollars to companies owned by the political allies of Nancy Pelosi.
The reason oil companies do not drill on all of the land they lease is because not all the land they lease contains any recoverable oil.
Nancy Pelosi does have a couple thousand shares in Clean Energy Fuels Corp... .Jim DeVito wrote:The bill will increase energy taxes on gasoline and home heating oil.
Good.The bill will provide billions of tax dollars to companies owned by the political allies of Nancy Pelosi.
Prove it. Facts to back that up?The reason oil companies do not drill on all of the land they lease is because not all the land they lease contains any recoverable oil.
Stan brings up a good point. Sounds kind of dumb. What are they waiting for oil to grow?
Stan Austin wrote:The reason oil companies do not drill on all of the land they lease is because not all the land they lease contains any recoverable oil.
If oil companies didn’t lease that surrounding land, competitors could simply step in and drill down to the oil reserves — without having to spend the millions to find the oil. It’s as if the guy next to you put his straw in your milkshake and started drinking. What company would risk hundreds of millions of dollars without the protection provided by the ability to lease — and not develop — surrounding space?
Today, some of these leases are going undeveloped because the rigs and men to do the drilling simply are not available. There’s a manpower shortage and an equipment shortage.
The shortage of drill rigs, both onshore and offshore, is preventing oil companies from accessing known oil reserves. Industry sources I spoke with today say that most rigs are already leased for years, and there simply aren’t enough to meet demand. The New York Times confirms this with a story today on the shortage of drill ships.
Shea-Porter implies that oil companies are not drilling on leased land (offshore and onshore) so they can keep supply short and prices high. The evidence does not suggest that. And I ran that theory by some people with experience in oil exploration but not employed by oil companies, and they all rejected it out of hand. They said there are many legitimate reasons why oil companies don’t develop the majority of the federal territory they lease, and forcing them to develop it will have no effect but to waste money. Better to let them develop areas (such as off the Atlantic coast) where they know oil is but are forbidden by law from extracting it.
Nancy Pelosi does have a couple thousand shares in Clean Energy Fuels Corp... .