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? Or do you think it was the wells drilled under W Bush that came online and began production, thus increasing the output during Obama's tenure yet had nothing to do with Obama?
Nope.. It wasn't Bush.. Rig counts went to a 44 year high under Obama because of the price per barrel.