%This is the party line. Every Rat on Fox news repeats it verbatim. Yesterday when pressed by Cavuto to state specifically which area was not being drilled the Congress critter could not and then repeated the talking point.
It was funny to see him exposed and tragic he didn’t know what he was talking about.
It’s part of being a Dimocrat. Lie and then yell louder when caught and then let the MSM explain your way out.
Can somebody tell me how this is untrue? First I have heard of this ‘oil companies aren’t using their leases’ thing. I am in an e-mail argument with a liberal friend and I know she is going to quote this.
I know oil companies take out leases on everything in sight ‘just in case’. Are they not drilling on them because environmentalists have stopped them or because the leases are unproductive or what?
The oil companies pay for the exclusive rights to these leases. Guess who they pay the money to, especially when the lease is offshore or on Gov. lands? The Oil Co. then has exploration and drilling/production rights.
The leases may be held by the oil co. but they may have been determined to be not viable or profitable!
Sometimes an oil co. may lease areas that it knows has no production possibilities just so it can have access to areas that they know have a viable oil/gas reservoir.
These critters are ignorant.