Thinking that any business would purposefully pay a large amount for an asset and then not develop it ( for what good reason ??) is just plain stupid- and sadly typical of your faulty logic
Again, the land is expensive , there have been surveys done on the land to determine viability, then why would the oil companies choose not to drill??
Answer- because they have determined through actual analysis ( compared to your moonbat theories ) that the land wouldn't produce enough oil to be economically viable
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