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Obama's Dry Hole
The Wall Street Journal ^ | June 30, 2008 | Unatrributed

Posted on 06/29/2008 11:05:29 PM PDT by gpapa

"I want you to think about this," Barack Obama said in Las Vegas last week. "The oil companies have already been given 68 million acres of federal land, both onshore and offshore, to drill. They're allowed to drill it, and yet they haven't touched it – 68 million acres that have the potential to nearly double America's total oil production."

Wow, how come the oil companies didn't think of that?

Perhaps because the notion is obviously false – at least to anyone who knows how oil and gas exploration actually works. Predictably, however, Mr. Obama's claim is also the mantra of Nancy Pelosi, Barbara Boxer, John Kerry, Nick Rahall and others writing Congressional energy policy. As a public service, here's a remedial education.

Democrats are in a vise this summer, pinned on one side by voter anger over $4 gas and on the other by their ideological opposition to carbon-based energy – so, as always, the political first resort is to blame Big Oil. The allegation is that oil companies are "stockpiling" leases on federal lands to drive up gas prices. At least liberals are finally acknowledging the significance of supply and demand.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Crime/Corruption; Editorial; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: 2008; 68millionacres; bakken; barackobama; bigoil; bo; congress; democrat; democratparty; democrats; drill; drillheredrillnow; drilling; elections; energy; gasprices; greens; nobama08; northdakota; obama; obamatruthfile; offshoredrilling; oil; oilleases; oilprices; pelosi

1 posted on 06/29/2008 11:05:30 PM PDT by gpapa
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To: gpapa

Obaba is a “hole” alright...


2 posted on 06/29/2008 11:09:15 PM PDT by max americana
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To: gpapa

McCain and all the down ticket candidates coming up for election this cycle need to be pounding this over and over, and Anwar needs to be in the mix. Pelosi and Reid are on the wrong side of this issue and they know it. This is a gift that can keep on giving through Nov.; pray that it is used effectively.


3 posted on 06/29/2008 11:59:08 PM PDT by Atchafalaya
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To: gpapa
Good thing Obama isn't a woman... They'd be up in arms over the title...
4 posted on 06/30/2008 12:03:09 AM PDT by DB
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To: DB

Mrs. Crusty wouldn’t appreciate it for sure.


5 posted on 06/30/2008 12:23:29 AM PDT by stravinskyrules (Why is it that whenever I hear a piece of music I don't like, it's always by Villa-Lobos?)
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To: gpapa
They're allowed to drill it, and yet they haven't touched it – 68 million acres that have the potential to nearly double America's total oil production."

As is usually the case with Democrat talking points, this one is just plain absurd. Maybe the best way to deal with their absurdity is to throw it back into their faces. If the oil companies are just "sitting on" these leases and not drilling, then why not go ahead and just open up drilling in the rest of the offshore areas and in ANWR - the oil companies will obviously do exactly the same thing that they are doing right now (according to the Democrats, that is), and not drill in those places, either.

It would be a win-win situation - the Republicans get what they want (opening up those areas to oil exploration), and the Democrats get what they want (if you believe their absurd claims, that it), namely no drilling in ANWR or offshore, and of course, higher gas prices...

6 posted on 06/30/2008 12:26:45 AM PDT by Zeppo (Every mighty mild... seventies child... Beats me (Metric - Combat Baby))
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To: Atchafalaya
pray that it is used effectively.

I wouldn't hold my breath on the RNC doing anything with this at all.

Might interfere with the country club outings.

7 posted on 06/30/2008 12:28:25 AM PDT by Rome2000 (Peace is not an option)
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To: gpapa; All
The more Obama talks the more he reveals himself a buffoon. Oil companies do not like to drill in areas that there is a low chance of finding oil.
8 posted on 06/30/2008 12:31:59 AM PDT by truthguy (Good intentions are not enough!)
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To: Atchafalaya
McCain and all the down ticket candidates coming up for election this cycle need to be pounding this over and over, and Anwar needs to be in the mix. Pelosi and Reid are on the wrong side of this issue and they know it. This is a gift that can keep on giving through Nov.; pray that it is used effectively.

They won't. Republican politicians are exceedingly stupid and spineless. Jellyfish...

Photobucket

9 posted on 06/30/2008 12:47:37 AM PDT by Cobra64 (www.BulletBras.net)
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To: gpapa

That’s it? An incredibly lame DNC talking point that every lib from Pelosi to Carville has already beat to death? Good one, Obambi.


10 posted on 06/30/2008 1:01:51 AM PDT by TigersEye (Berlin '36 Olympics for murdering regimes Beijing '08)
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To: gpapa

If my refrigerator is out of food I don’t stand there and say “More food won’t solve my problem”. I go to the store for more food! I usually think to myself “How stupid do these people think we are?”. But with this one I’m thinking “How did such stupid people end up running our country?”.


11 posted on 06/30/2008 1:30:02 AM PDT by athelass (Proud Mom of a Sailor and 2 Marines! Drill Here, Drill Now, Pay Less! Amen!)
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To: athelass
“How did such stupid people end up running our country?”.

Because stupid people voted them into office.

12 posted on 06/30/2008 1:55:40 AM PDT by GiovannaNicoletta
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To: gpapa
This was a start at educating the public, but it didn't go far enough. Dems are fond of saying it will “take 10 years, blah, blah, blah”. I heard an expert today, on FOX, say in the Gulf it would take perhaps 1 year, and off the East or West Coast 2 or 3 years before we could expect to see the impact of offshore oil.

The “69 million acres under lease” thing is so bogus, it is stupid even by Dem standards. It PROVES Democrats are either being blatantly, criminally, misleading or so ignorant of the oil business they should never have been placed in a position of power! I'm thinking it's probably both.

Democrat ignorance has always been legendary, now it's becoming criminal. We are being lied to in the name of political expediency.

13 posted on 06/30/2008 2:23:40 AM PDT by singfreedom
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To: Atchafalaya
McCain and all the down ticket candidates coming up for election this cycle need to be pounding this over and over, and Anwar needs to be in the mix. Pelosi and Reid are on the wrong side of this issue and they know it. This is a gift that can keep on giving through Nov.; pray that it is used effectively.

What you ask requires a coordinated effort on the part of the Republicans (i.e. "talking points") as well as cooperation from the MSM. Unfortunately, those two criteria seem to be the exclusive property of the democrats.

14 posted on 06/30/2008 2:37:37 AM PDT by freelancer (If we do not win the war against terrorism, everything else is irrelevant.)
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To: gpapa

I don’t believe the hype coming from either side. I don’t believe that oil companies are stupid enough to buy oil leases with nothing on them, not with todays siesmic technology or whatever it is. It may be to the governments benefit to have territories tested to see what they really do own to get the most money from. If time is the problem, let out a few more leases with a short time limit on them with a bond. Tell the winner produce in a certain time or loose your money. They do it all the time with other contracts.


15 posted on 06/30/2008 2:52:11 AM PDT by Racer1
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To: DB

I thought maybe this was about Larry Sinclair. LOL


16 posted on 06/30/2008 2:58:19 AM PDT by indylindy (I had almost forgotten that McCain is the nominee. Too bad I was reminded.)
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To: gpapa

“...next time one of those morons starts yapping about leases...I wish some reporterette would ask to see a copy.....


17 posted on 06/30/2008 3:03:04 AM PDT by mo
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To: Racer1
Oil companies didn't lease property that has no oil. They leased property that has not been proven to have oil and are exploring for oil on these properties. To ask a company to drill on property where oil hasn't been found yet is absurd. Also, as has been pointed out, what are the Dems worried about then, why not just open up the land that has known reserves and then point out the fact the oil companies won't drill on it.

Also another point, the 68 million acres that supposedly is being sat on without drilling includes, Anwr and all other major oil deposits that CAN'T be drilled on due to political interference, mainly by Democrats and their green allies(read that as communists).

Recently in session a Republican challanged the democrats to point out one acre of land that actually had oil that the companies wouldn't drill on and the Dems could not point this out, because it simply isn't true.

Now you can believe the oil companies are stupid enough to actually set on oil reserves without drilling but I do not.

18 posted on 06/30/2008 3:15:08 AM PDT by calex59
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To: gpapa

This is a winner for the Republicans, and they need to beat the Democrats over the head with it.

Iraq is a winner for the Republicans, and they need to beat the Democrats over the head with that, too.


19 posted on 06/30/2008 3:18:13 AM PDT by gridlock (Al Gore wants YOU to live like the Flintstones while HE lives like the Jetsons.)
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To: GiovannaNicoletta

Exactly. The American people have the government they deserve.


20 posted on 06/30/2008 3:23:55 AM PDT by NoControllingLegalAuthority
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To: max americana

Hussein believes in the Jed Clampett exploration method.


21 posted on 06/30/2008 3:29:45 AM PDT by richardtavor (Pray for the peace of Jerusalem in the name of the G-d of Jacob)
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To: singfreedom; All

22 posted on 06/30/2008 3:34:25 AM PDT by rlmorel (Clinging bitterly to Guns and God in Massachusetts...:)
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To: GiovannaNicoletta

How did such stupid people end up running our country?”.
Because stupid people voted them into office

That’s just it. They aren’t all this stupid. There has to be corruption running so deep and so wide we don’t even know. Why would our own politicians consistently vote to ruin the economy of their own country? What could the price possibly be? And who is paying it?


23 posted on 06/30/2008 3:37:54 AM PDT by Misschuck
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To: gpapa
"The oil companies have already been given 68 million acres of federal land....

I don't think so. It's not like they're Democrat senators who are "given" favorable mortgage rates because they can steer legislation for the mortgage companies.

24 posted on 06/30/2008 4:21:37 AM PDT by Dilbert56 (Harry Reid, D-Nev.: "We're going to pick up Senate seats as a result of this war.")
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To: Misschuck

Leftist demagogues and tyrants don’t mind ruining the economy of their country, as long as the ruling elite is not affected. Stalin, Mao, Castro, and Mugabe drove their countries to ruin and even starvation. The Pelosis, Kennedys, Kerrys, Gores and other leftist aristocrats in the U.S. aren’t hurt by the economic woes of the rabble.


25 posted on 06/30/2008 4:28:36 AM PDT by hellbender
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To: gpapa
George Bush could countermand a Clinton executive order to NOT DRILL as easy as signing a piece of paper.. BUT WON'T..

WHY?.. because he WANTS things the way they ARE...
OH! and he would become MORE POPULAR.. makes you go Hmmmmmmmm.

26 posted on 06/30/2008 5:49:40 AM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole....)
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To: Dilbert56
Oil Leases are SOLD,not given, in blocks, and you have to take the bitter with the sweet. All blocks are not equal and some have oil and some not. As technologies improve new fields are discovered every day. The most promising are blocked by our legislators.The Rats also should be dancing in the streets at $4 gasoline as John Kerry wanted to tax it to $3 way back when. Perhaps when THE NEW PRESIDENT takes over, in addition to the excess profits tax, he slaps an additional $2 the punish BIG OIL even more.
barbra ann
27 posted on 06/30/2008 6:33:22 AM PDT by barb-tex ( A prudent man (more so for a woman) foreseeth the evil and hideth him self,)
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To: Racer1
let out a few more leases with a short time limit on them with a bond.

The time required just for permitting far exceeds the time it takes to drill. All leases should be protected by the government to be free of potential litigation from outside parties. That alone would not only speed up the process of actually drilling but without the "fear" of long-term litigation would stimulate small wildcatters to get actively involved once again.

28 posted on 06/30/2008 6:33:32 AM PDT by politicalwit (AKA... A Tradition Continues...Now a Hoosier Freeper)
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To: hosepipe

Bush could countermand the order...then, Obama would promise to reverse it again. Who’s going to drill?


29 posted on 06/30/2008 7:31:48 AM PDT by steve8714 (If they leave you alone are you free or at peace?)
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To: Atchafalaya

McCain’s a loser. get read yfor 4 years of liberal hell. Obie will make Jimmah Cartah look like Ronald Reagan.


30 posted on 06/30/2008 7:36:19 AM PDT by wny
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To: gpapa

I thought this was an article about Obammy’s wife.


31 posted on 06/30/2008 8:11:22 AM PDT by Piquaboy (22 year veteran of the Army, Air Force and Navy, Pray for all our military .)
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To: gpapa
***this is a fight the GOP can win if it keeps up the pressure.***

but wait! When was the last time the GOP has won anything considering the numbers of RINOs that have infiltrated and destroyed the party. They'll negotiate with the Rats to a point of making off-shore drilling legal but virtually useless.

32 posted on 06/30/2008 8:14:18 AM PDT by tobyhill (The media lies so much the truth is the exception)
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To: singfreedom
"It PROVES Democrats are either being blatantly, criminally, misleading or so ignorant of the oil business they should never have been placed in a position of power! I'm thinking it's probably both."

You're giving the Democrats way too much leeway. Higher energy prices are exactly what they've been wishing for, and now it's been achieved without them lifting a finger to increase taxes on energy which was their plan. After Nov., they'll be adding the taxes to drive the cost up even higher. They will have more of us dependent on them to heat, eat, travel to work, etc.

33 posted on 06/30/2008 9:15:09 AM PDT by penowa
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To: steve8714
[ Bush could countermand the order...then, Obama would promise to reverse it again. Who’s going to drill? ]

Good point..

ALL THREE candidates are globalists.. basically enemies of national sovereignty..

34 posted on 06/30/2008 10:24:45 AM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole....)
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To: gpapa

35 posted on 06/30/2008 10:25:42 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: gpapa

From the title, I thought this might be a San Francisco Chronical article...


36 posted on 06/30/2008 1:54:58 PM PDT by PsyOp (Truth in itself is rarely sufficient to make men act. - Clauswitz, On War, 1832.)
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To: DB

Hehe...well I was wondering if the thread was about Michelle...


37 posted on 06/30/2008 2:18:15 PM PDT by RockinRight (I just paid $63 for gas. An icefield in Alaska is NOT the Grand Canyon. F--- the caribou.)
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To: RockinRight

was reading latest posts scrolling and there was the headline and your comment.....spewed Coca Cola everywhere............it was worth it.....lmao


38 posted on 06/30/2008 2:20:52 PM PDT by advertising guy ( you can type stuff in here.........)
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To: Misschuck
The "democrats" who are currently running the congress are not democrats at all, but hard-core, leftist Marxists.

They hate this country the way it is, they hate that we are free, and they are determined to destroy everything about this nation so that they can then rebuild it into their own socialist/Stalinist fantasies of what utopia is.

These same people have spent decades systematically dumbing down children in the schools that they run and now all that hard work has paid off. The Marxists have a huge pool of ignorant, stupid, drooling morons with cups in their hands who could not form an original thought if their lives depended on it who will vote for anybody who promises to give them something, usually money, that somebody else has worked for.

Keep in mind that the Pelosis, the Reids, the Kerrys, the Kennedys, the Gores, the Obamas and every other Marxist who is now in a position to forcibly implement their Marxist ideas on the country will never live the medieval lives they are trying to force on us. They will never give up their Escalades, or their private jets, or their five or six mansions scattered all around the country.

Take, for one example, the scam of "man-made global warming". Not one of the Marxists who have made this such a huge issue really believes that man can change the earth's climate or the earth's atmosphere or can cause hurricanes and tornadoes. No, "man-made global warming" is a manufactured pretense and a manufactured crisis designed and created by the nation's Marxists to con gullible Americans into willingly giving up their liberties. And while there are those of us who can string together a coherent thought who know that it's all nothing but a fraud, there are enough dimwits out there to make the entire effort worthwhile. And, as a bonus, not only have millions of Americans been busy buying hay and making mud to build a thatched hut to live in and putting in orders for Amish buggies and horses to ride around in, Al Gore has raked in close to one hundred million dollars for himself from the scam.

So you see- it is dumb, gullible, stupid people in this country who vote into office people whose only intent is to impoverish and enslave them.

It all boils down to stupidity.

39 posted on 06/30/2008 2:23:52 PM PDT by GiovannaNicoletta
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To: GiovannaNicoletta

>>>The “democrats” who are currently running the congress are not democrats at all, but hard-core, leftist Marxists.
They hate this country the way it is, they hate that we are free, and they are determined to destroy everything about this nation so that they can then rebuild it into their own socialist/Stalinist fantasies of what utopia is...Keep in mind that the Pelosis, the Reids, the Kerrys, the Kennedys, the Gores, the Obamas and every other Marxist who is now in a position to forcibly implement their Marxist ideas on the country will never live the medieval lives they are trying to force on us. They will never give up their Escalades, or their private jets, or their five or six mansions scattered all around the country.<<<

Ah, my Italian named friend. It is far worse than that. Lenin had a term for the Kerrys and Kennedys and Obamas. He called them “useful idiots.” In the Marxist system, the elite who establish the system are not the elite who run the system. If, God forbid, there is a real Marxist takeover of this country, one of the first moves will be the wholesale slaughter of rich leftists, along with confiscation of their wealth and property. Michael Moore and Oliver Stone’s job is preparation for the change in government and outlook; once that change occurs, they will no longer be needed.

Communism has killed 100 million people during their reign of terror throughout the world, and often those killed are the ones who originally supported communism in the first place. Think of Trotsky, murdered in Mexico with an ice axe in a place hundreds of miles from the nearest snow. That’s the real future of Reid and Pelosi if the American left gets to establish real power. Only then will they come after us.


40 posted on 06/30/2008 7:44:28 PM PDT by redpoll
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