sublimesting
Well-Known Member
I really like the fact that BIG OIL, which is demanding to open ANWAR, and other sites, is only drilling on 20 million acres of the 90 million acres that they have access to in the Gulf of Mexico.
meaning that they have 70 million acres that they could be drilling on. and THEY ARE NOT. what that means is that they DON'T WANT TO FIND MORE OIL. and that they are NOT MAXIMIZING the acres that they DO have access to.
granted, that some of this area may not have oil.. But right now, they aren't even TRYING. :shrug::shrug:
:veryconfu
but they are keeping the lie alive by saying that we "don't have any oil left in this country".
Even Pat Buchanan said that the Oil companies needed to start drilling in Texas.
but the source for the main story is this weeks CNNFN page.
Lack of oil is not the problem. The current production is meeting the demand. We have a lack of refineries...not a lack of oil. And i hate to say this but Big Oil is not gouging us. Yes, they have record profits but they are only making a 7% return annually.