Oil companies will drill and pump in any location it is economically feasible, Dumbass.That is because the oil MONOPOLY doesn't develop any wells where they find oil. They just cap them so none of the oil finds its way into the market. Big oil wants to CONTROL the oil, not market the oil. A perfect example was the deepwater Horizon leak. the only oil from that massive find that made it to market was the skimmed oil that leaked when the cap blew. once it was recapped not one drop of that well has made it to market.Barry banned new permits in Fed land.
But, let's take your moronic logic and apply it...........you claim some oil companies who had Federal permits didn't develop them cuz they wanted to limit oil on the market............and Barry's solution to this was to ban any additional permits on Federal lands/Waters so there is NO CHANCE any oil would be developed on Federal lands.
US oil production increased by 80% under Obama.. Why crap up Federal Land or invite another disaster like Deepwater Horizon?
Feasibility is based on the reserve assessment. Most wells in the US pump less than 50 bpd.
Do you understand why we still PUMP oil in the US?
What policies did Obama enact that were responsible for this?
Jesus wept.
The reason that all the oilmen borrowed money, leased rigs and started drilling was because the ppb was so high and they wanted to make money while the sun shines. That's how it works.. The oil business is a for profit business.
I asked you to detail the Obama policies that were responsible for this. You say they happened "under Obama" as if Obama had anything to do with it. So detail what Obama did to increase oil production or admit you have nothing but partisan bullshit and admit Obama did NOTHING for the oil industry, and in fact the drilling moratorium did immense damage to the oil industry on the Gulf Coast.
You can't claim something happened "under someone" giving them credit for it without being able to detail WHY they should get credit for it.
Got anything to refute this?
"By some estimates nearly 50,000 workers on the frontlines of the oil industry and another 150,000 in supporting positions have been thrown out of work by the Obama administration’s continual pursuit of a moratorium on offshore drilling."
I have repeately said that the reason for the increase in production was the high ppb NOT Obama. An idiot would know that.
Deepwater Horizon was a sloppy disaster because BP put speed ahead of safety.