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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (7902)6/21/2008 7:03:07 AM
From: average joe  Respond to of 24240
 
Wharfy if the companies don't drill they lose the lease.

The lease is issued with a drilling commitment and many times they're issued to speculators and not legit oil companies.

The leases generate hundreds of millions of dollars in the form of lease bonus payments for the government coffers even if the leases remain not drilled.

What else don't you understand?