edthecynic
Censored for Cynicism
- Oct 20, 2008
- 43,044
- 6,883
- 1,830
Notice how he carefully avoids the fact that new oil discoveries do not make it onto the market from anyone other than the small independent oil companies!!!!!!Oil started to drop BEFORE Bush lifted the ban, which did not produce a single additional drop of oil, so yes it was a complete fantasy.Yes it can be laid at the feet of the current president.
When Bush lifted the offshore drilling ban what happen to gas prices? Was it a dream or did they start to drop?
Again, none of the new oil found by the oil monopoly ever goes on the market. The new wells are capped. Remember the BP Deepwater Horizon well? A huge oil find was made, but was the oil put on the market? No, the well was capped. The capping was bad and it exploded and it was recapped. Still to this day the well is not producing any oil to put on the market.
The only increase in oil production that ends up on the market is coming from small INDEPENDENT oil companies leasing private land. The way you get more oil on the market is to threaten to nationalize all CAPPED wells and lease them to the independents. If that happens, you can be sure BP and the others will immediately tap their capped wells and put the oil on the market rather than lose them.
Give a valid credible source.Oil started to drop BEFORE Bush lifted the ban, which did not produce a single additional drop of oil, so yes it was a complete fantasy.