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Politics : Politics of Energy
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To: TimF who wrote (310)6/12/2008 8:23:50 PM
From: Road Walker  Read Replies (2) of 86355
 
They have access to 80% of the nations offshore reserves
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They don't have access to anywhere near 80% of US territorial waters. About 85% of US territorial waters is off limits.

There is a big difference between "reserves" and "territorial waters".

And that still doesn't address their reluctance to drill in areas where they have permission and leases.

Why are they not doing that? And why should we give them permission until they use the resources they have?

Frankly they seem to like the status quo. With their record profits whats not to like? What's the incentive? Patriotism?
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