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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (31348)6/18/2008 7:56:04 PM
From: Brumar89  Read Replies (1) | Respond to of 224750
 
Reid and Pelosi are full of crap. Leased acreage that hasn't been drilled is either being evaluated for drilling (takes time) or has been evaluated and found not to have economically recoverable reserves.

Federal offshore leases are usually 5,760 acres in size. Federal onshore leases are 2560 acres except in AK where they're 5760 acres. Every 5760 acre tract offshore and 2560 acre tract on shore doesn't have exploitable oil under it.



To: Kenneth E. Phillipps who wrote (31348)6/18/2008 8:11:26 PM
From: tonto  Read Replies (1) | Respond to of 224750
 
Gee Kenneth, oil companies make money selling oil. Tell us why they are not drilling?

The Oil Companies are sitting on 68 million acres of federal lands they’ve already leased. Why don't they drill on land where they have leases?