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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (391983)	6/18/2008 10:39:35 AM
From: d[-_-]b	Read Replies (2) \| Respond to of 1577886

They keep asking for permission but do very little new drilling. There are 1000's of approved leases that are not being used. Well if they just open the entire country, the oil companies pay the leases and use them or not - they have little to complain about in the future and an unused yet paid lease is good for the tax revenue side.

To: Road Walker who wrote (391983)	6/18/2008 1:17:23 PM
From: Brumar89	Read Replies (2) \| Respond to of 1577886

They keep asking for permission but do very little new drilling. There is a drilling boom going on. Ultra-deepwater drilling rig availability dries up Martyn Wingrove - Friday 22 February 2008 THERE are no ultra-deepwater drilling rigs available to hire in 2008 and only two in the market for 2009 after Ocean Rig’s Eirik Raude semi-submersible rig was chartered by Tullow Oil in a $700m deal, writes Martyn Wingrove. lloydslist.com Drilling Activity Hits New High in Ultra-Deep Gulf of Mexico MMS Tuesday, August 14, 2007 rigzone.com There are 1000's of approved leases that are not being used. They are either in the process of being evaluated for commercial reserves or have been so evaluated in the past and determined to not have economically recoverable reserves. A lease area is usually 5,760 acres. Not every 5,760 acre plot has oil under it.