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Originally posted by OldMedic
There is no recoverable oil under most of the land that they are allowed to drill on. They have done extensive testing, and well over 90% of that land has no recoverable oil.
In the last four years, the Bureau of Land Management has issues 28,000 permits to drill on public land; yet in the same time, 19,000 wells were actually drilled. That means that companies have stockpiled nearly 10,000 extra permits to drill that they are not using to increase domestic production.
The oil companies are using their inability to drill in ANWR, and offshore areas, as a major excuse for jacking up gasoline prices. They already have plenty of areas to develop. But they are complaining that they need ANWR. It is convenient and dishonest deflection.
It reminds me of a lazy brat, who says he is too tired to do any housework. His parents let him off the hook. "Get a good nights rest and start tomorrow," they generously tell him. The next day, he still refuses to do his chores. "I'm still too tired," he complains. "I need a king size feather bed."