Wrong again, Kenneth...
The DNC has put out this canard of "8,000 leases and 68 million acres" as if all 68 million acres are oozing with oil and the oil companies are simply being greedy. Here are the real facts:
When federal land or waters are leased to oil companies in parcels of about 1,000 to 3,000 acres, usually for 10 years, there is typically just “a very general sense of the value of the land,” said Larry Nation, a spokesman for the American Association of Petroleum Geologists.
Only some portions of leased land may hold accessible oil, while other portions do not, Nation said, but companies must continue to lease the entire parcel.
“There’s the misconception that every lease has oil,” added David Curtiss, director of the association’s Washington office. “A lease is a line on a map. It has nothing to do with the geology of where oil is.”
Young, meanwhile, called it “most ironic” that Markey, Hinchey and Emanuel were “even attempting to talk about increasing America’s energy production.”
“That they are attempting to make it appear as if they are for domestic energy production is baffling to me,” Young said. “Barely one month ago, Mr. Markey and Mr. Hinchey voted against my provision to open [the Arctic Refuge] for production.”
cq.com@allnews&metapub=CQ-NEWS&binderName=cq-today-binder&seqNum=3
You are simply spouting the party line. You are wrong again.
Diz- |
