- Oct 23, 2013
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Fact-checking Biden’s claim that there are 9,000 unused oil drilling permits
Fact-checking President Joe Biden’s claim that there are 9,000 unused oil drilling permits. That's mostly true.www.statesman.com
Seems they want to slow supply with demand going up that mean Cha ching. More record prices.
So why sit on these leases and not drill.
Oh yeah they have billions of reason not to.
.
If an oil company has a lease on Federal Lands and a lease on Private Lands ...
It doesn't matter how much trouble they will have to go through in logistics to move the drilling rig and families to the Private Land ...
when the Feds can decide to freeze operations on the Federal Lands at any time a politician gets a wild hair up their ass.
It's about money and investing your effort into something you control while saving the Federal Leases for times when
you have the capabilities and desire to screw around with whatever the government will let you do,
with the acceptance that they can make everything you just invested in the project worth nothing in a return at a moment's notice with the swipe of a pen.
Ask the folks that invested in the Keystone Pipeline how that works.
.
If an oil company has a lease on Federal Lands and a lease on Private Lands ...
It doesn't matter how much trouble they will have to go through in logistics to move the drilling rig and families to the Private Land ...
when the Feds can decide to freeze operations on the Federal Lands at any time a politician gets a wild hair up their ass.
It's about money and investing your effort into something you control while saving the Federal Leases for times when
you have the capabilities and desire to screw around with whatever the government will let you do,
with the acceptance that they can make everything you just invested in the project worth nothing in a return at a moment's notice with the swipe of a pen.
Ask the folks that invested in the Keystone Pipeline how that works.
.
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