Zeev's Turnips Talk Politics (ZTTP)

[ieddyi]

Plus they have millions of acres that they have under lease and they are not drilling. The Dems want to put in a provision that if they don't drill in their current leases that they forfeit those leases and the punk says NO.

This has to be the stupidest argument EVER

The oil companies pay large $$$ for the leases. Follow along here. Then they spend many millions more doing surveys to see if there is oil worth drilling for. IF they don't drill, they lose the money spent on the lease and surveying.

NO company would ever survive if they purposefully turned their backs on viable assets.

The clincher- pay attention - they aren't drilling on those leases because there isn't oil there worth drilling for

See, it's really no that hard once you go beyond new world order crazed fantasies

I guess youd have them drill on barren land just for spite?? That, I'm sure you realize would actually cause prices to go up because they wouldnt be able to drill on worhtwhile leases. The leases are finite- if they don't drill w/in a certain time frame they lose them anyway

See, here's another clue- oil companies don't make any money if they don't have any oil to sell

sheesh