Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (71869)	6/12/2008 4:11:40 PM
From: Katelew	Respond to of 542797

Thanks, Dale. I've also read elsewhere that US oil companies are sitting on plenty of promising lease arrangements and have yet to act. Granted, the expense of drilling in many of these locations is enormous, but I'm bothered by, for example, Exxon's willingness to do not much more than buy back stock. I don't favor a windfall profits tax, probably, but sure as heck don't like taxpayer subsidies given to these companies to be used to buy back their own stock.

To: Dale Baker who wrote (71869)	6/13/2008 9:56:42 PM
From: Cogito	Read Replies (1) \| Respond to of 542797

>>Democrats also noted that thousands of permits for drilling on federal lands and waters have been issued but have not yet been used. The top two Republicans in the House — Minority Leader John Boehner and Whip Roy Blunt — issued statements condemning Wednesday's appropriations vote. But the third-ranking Republican, Adam Putnam of Bartow, says he supports the current protections for Florida. He noted in a recent interview that energy companies have yet to start drilling in the area opened in 2006, so there is no reason to open more of the gulf. Arizona Sen. John McCain, the presumptive GOP presidential nominee, also supported the Florida protections in 2006, and he opposes drilling in ANWR. The federal Minerals Management Service estimates that about 80 percent of the nation's offshore gas and oil reserves already can be leased for drilling, though experts say those estimates are rough.<< This is for Bearcatbob - What is your response to the bolded portions of the above? Are the statements of the third-ranking Republican in the House, Adam Putnam, true? How about the federal Minerals Management Service? Are their statements accurate? Are thousands of already granted drilling permits going unused? - Allen