Drill! Drill! Drill!

Discussion in 'Politics' started by muttamerican, Aug 7, 2008.

  1. muttamerican
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    muttamerican Rookie

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    What's stopping the oil companies? They hold the lease on 68 million acres, which they can currently drill on. Do they not want to drill so as to keep supplies low? With their windfall profits, why don't they reinvest in production? This could create many jobs.
     
  2. Tristan
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    Tristan Member

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    There need be enough oil under that "68 million acres", verses the rest of the land on the Earth where the government arbitrarily allowes them to drill, to make it worth their while.

    You think they don't want to profit from said "windfall" while foreign oil companies reap it? Do you know American oil companies paid nearly 3X in taxes what they made in profit? Do you know what profit is? Do you think one company or one countries oil companies can keep prices low at will and no other company would take advantage of them by dominating market share?

    What planet do you come from?
     
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  3. DiamondDave
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    DiamondDave Army Vet

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    If there were a viable source of oil under th eland they have under lease, they WOULD drill... just because they are given land, does not mean there is oil there. Just because they choose land, is not an inherent guarantee there is oil there (though technology and science has made the probability of their success much better).

    Stop getting spoon-fed by the liberal media and left-wing propaganda... look at the big picture, think logically, and think rationally..
     
  4. Care4all
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    Care4all Warrior Princess Supporting Member

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    Please Dave...WHY DID THEY LEASE THE LAND then, if there was no oil?

    That seems pretty nonsensical and it is nonsensical.

    They reviewed geological surveys from USGS, with estimates of the oil before they decided to sign a LEASE for these lands....

    And if they do not think the land has oil and this is why they are not drilling, then they should release themselves from their leases....BUT THEY ARE NOT?

    Even in the gulf, they have geological suveys that the USGS has done, that gives us the estimate of oil in areas of the gulf...to review BEFORE they sign a lease.....?

    Care
     
  5. DiamondDave
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    DiamondDave Army Vet

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    Jesus Christ Care... do you every really think??

    Not every test well and every parcel of land, even when chosen, can produce the necessary oil it needs to be a productive well, let alone really has any oil at all

    Remember that the key words are probability and ESTIMATE (which you even used)...

    If there was viable oil on these lands, the companies would be drilling... plain and simple

    And I have to look at the stipulations for releasing from a lease.... but it is not as simple as walking away, most probably
     
  6. Care4all
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    Care4all Warrior Princess Supporting Member

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    good morning Dave,

    Sooooooooo, the USGS's estimates for the gulf and oil being there are all willy nilly too and not at all even close to being something that is REAL?

    in other words, there is a possibility that there is NO OIL in the gulf, regardless of the USGS geological surveys of such?

    I have to admit, i know nothing about geological surveys regarding oil pressense below ground or how they even scientifically come to their conclusions...it is something i will try to do more reading on so i will not be so ignorant on this particular topic....

    care
     
  7. DiamondDave
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    DiamondDave Army Vet

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    Care... always need to take things further?

    No... there is no guarantee, even with the best science behind it... science CAN BE WRONG (see man made global warming for even more proof of that)

    They deal in historical statistics, historic findings off data, etc... but even when there is oil, it is not always in the same place as anticipated... even if they find oil, it is not always in the quantities needed...

    There are possibilities there is "no" oil in the Gulf... a very remote possibility... just as then you must agree that there is a very remote possibility that there is quintuple the amount of oil that think is there.... another very remote possibility

    see the tables can turn too...
     
  8. Jeepers
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    Jeepers Senior Member

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    Um.. here is a stupid question... If they Buy a lease and there is no oil why hold on to the lease? Why are oil companies against use it or lose it policies?
     
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  9. Care4all
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    Care4all Warrior Princess Supporting Member

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    Maybe THEY want to control ALL DRILLING, so that they can manipulate the market of supply and demand to benefit themselves the most? I dunno?
     
  10. DiamondDave
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