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Politics : View from the Center and Left
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To: Bridge Player who wrote (71999)6/14/2008 5:44:11 AM
From: Cogito  Read Replies (3) of 542114
 
>>Sitting on an Ocean of Energy, Doing Nothing<<

BP -

The oil industry and their conservative champions constantly claim that they are being constrained from developing new oil resources. Yet from what I've read, there are thousands of oil leases for which permits have already been granted, but the oil companies have not begun to drill there.

And why should they? They have enough oil to fill all their orders, and they are getting top dollar for that oil. Like the Saudis, they have no real motive to increase supply.

- Allen
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