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Exxon Fights US Over Major Oil Discovery
Baltimore Jewish Life ^ | 8/18/11 | ap

Posted on 08/18/2011 10:58:40 AM PDT by Nachum

NEW YORK (AP) — Exxon Mobil Corp. and the federal government are fighting over one of the largest oil discoveries in the Gulf of Mexico that could yield billions of dollars of crude in coming years, according to a report in The Wall Street Journal.

The Julia oil field, about 250 miles southwest of New Orleans, may hold more than 700 million barrels of oil and gas equivalent. Exxon, which announced the discovery in June, wants to tap that field. But the Interior Department says Exxon's leases have expired and the company hasn't met requirements for an extension.

Exxon and part-owner Statoil have filed separate lawsuits in a Louisiana federal court to preserve the leases.

(Excerpt) Read more at baltimorejewishlife.com ...


TOPICS: Business/Economy; Crime/Corruption; News/Current Events
KEYWORDS: energy; exxon; fights; major; oil
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To: scooby321

The USA don’t need no stenkin oil. the USA don’t need no stenkin revenue, I thought all knew that.


21 posted on 08/18/2011 1:02:40 PM PDT by Waco (Nominate Palin or forget 2012 you lost)
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To: WOBBLY BOB
Here's where I got the 95% number: http://www.opensecrets.org/overview/topcontribs.php

Perry Homes, number 15 on the list, gave 100% Republican. I believe they support Rick Perry but despite the name are not related. The pharmaceutical companies used to give 90% to Republicans until the Democrat mafia recently shook them down. Now they are closer to 60/40 Republican/Payola

22 posted on 08/18/2011 1:08:15 PM PDT by Reeses (It's a safety net, not a hammock!)
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To: FreeAtlanta

“Whoever wins needs to clean house at the EPA.”

####

“Clean” house?

How about driving a Caterpillar through the front door?


23 posted on 08/18/2011 2:05:10 PM PDT by EyeGuy (2012: When the Levee Breaks)
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To: Nachum
Tell me, exactly, what if Exxon just decided to drill anyway? What if they told this corrupt govt. of ours to shove it up their ass.

What would they do? Really?

FUBO!!!

24 posted on 08/19/2011 4:54:18 PM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: Reeses

Bob Perry also gave winning support to the Swift Boat Vets.. you can thank him for that, too.


25 posted on 08/19/2011 5:21:26 PM PDT by txhurl (Did you want to talk or fish?)
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To: txhurl

Thank you Bob Perry!


26 posted on 08/20/2011 7:04:59 AM PDT by Reeses (It's a safety net, not a hammock!)
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