Just because there is 68 million acres of land available for drilling doesn't mean it will produce significant oil. Why don't they tell you that? Why don't they tell you just because they leased the land they still have to get permits to drill on it?

Everyone knows about the 68 million acres. Everytime a Democrat opens their mouth they spew that talking point.

Why don't they tell you about the 1.1 BILLION ACRES that are off-limits? Land that is known to hold significant quanities of oil.

What other country on earth is restricted from drilling on their own land?

[edit on 17-7-2008 by RRconservative]

Originally posted by RRconservative
Just because there is 68 million acres of land available for drilling doesn't mean it will produce significant oil. Why don't they tell you that? Why don't they tell you just because they leased the land they still have to get permits to drill on it?

Everyone knows about the 68 million acres. Everytime a Democrat opens their mouth they spew that talking point.

Why don't they tell you about the 1.1 BILLION ACRES that are off-limits? Land that is known to hold significant quanities of oil.

What other country on earth is restricted from drilling on their own land?

[edit on 17-7-2008 by RRconservative]

Do you have any idea how the oil industry actually works?

They do not lease the land if they are not going to get return on it. It is that simple. They have geologists that go in well ahead of time and take core samples and geological surveys. When all is said and done, they are at least 98% sure they are going to be getting oil from that site.

As to not drilling on some of their land (I assume the Alaska Wildlife Refuge is in there), somethings are more important than oil.

The debate showed a map. The land in Alaska being leased has 6.68BILLION barrels of oil in estimated oil. He pointed out this is BILLIONS more than what ANWR has. Yet again the oil companies refuse to drill on them.

WTF!? 6.68BILLION barrels times 143 dollars equals... 955.24BILLION dollars of oil. So why do the oil companies and Reps refuse to drill?

Its not like ANWR where Oil and Reps want to drill but can't because its restricted they already have this land. This land is being leased to them. They are spending millions on this leased land yet refuse to drill. WHY!? If I had 955.24BILLION dollars sitting under land I'm spending millions on leasing from the government I'd sure as hell be drilling there.

And this is just the land in ALaska, not including the stuff off shore they are leasing or other places.

Originally posted by KriegerSo why do the oil companies and Reps refuse to drill?

Let me clear some of the confusion that the Dems have put into your head.

First, the Republicans are NOT refusing to drill. They are voting against FORCING privately held companies to drill in areas that they've already concluded were not economically profitable to drill in.

Second, the entire issue of where companies drill comes down to cost of extracting the oil vs. income from selling the oil. The oil companies have already concluded that it is not cost effective to pursue oil in the areas in question.

So why do the Democrats who voted for this bill presume to know more about how the oil companies should run their business than the oil companies do?

It's incredible that this bill even came to a vote. Since when does Congress have legal authority to force private businesses to explore for oil?

Originally posted by RRconservative
Just because there is 68 million acres of land available for drilling doesn't mean it will produce significant oil. Why don't they tell you that? Why don't they tell you just because they leased the land they still have to get permits to drill on it?

Everyone knows about the 68 million acres. Everytime a Democrat opens their mouth they spew that talking point.

Why don't they tell you about the 1.1 BILLION ACRES that are off-limits? Land that is known to hold significant quanities of oil.

What other country on earth is restricted from drilling on their own land?

This. Exactly.

Well, and...

Originally posted by jamie83
Let me clear some of the confusion that the Dems have put into your head.

First, the Republicans are NOT refusing to drill. They are voting against FORCING privately held companies to drill in areas that they've already concluded were not economically profitable to drill in.

Second, the entire issue of where companies drill comes down to cost of extracting the oil vs. income from selling the oil. The oil companies have already concluded that it is not cost effective to pursue oil in the areas in question.

So why do the Democrats who voted for this bill presume to know more about how the oil companies should run their business than the oil companies do?

It's incredible that this bill even came to a vote. Since when does Congress have legal authority to force private businesses to explore for oil?

This.

[edit on 18-7-2008 by Johnmike]

Because the Oil Companies are making billions in profit. Not income, profit. The money that goes into their foreign bank accounts and the GOP pockets.

Because they say supply is a reason for high prices.

Because they have BILLIONS of barrels sitting on lands they are leasing but refuse to drill on.

Because the land is Federal Land so the Federal Government should have some say in what is done. If they say the people leasing Federal Land need to do more then sit on it but actually use it then that is their right as it is their land.

Also, stop bitching about offshore drilling when you refuse to drill off shore on land you are leasing for millions of dollars to drill on.

Do you hear that? STOP BITCHING ABOUT OFFSHORE DRILLING WHEN YOU REFUSE TO DRILL OFFSHORE ON LAND YOU ARE LEASING FOR MILLIONS OF DOLLARS TO DRILL ON!

And I guess if they can't bitch about offshore drilling when they refuse to drill offshore they have nothing to say.

Anyways, who here would turn down a 955 billion dollar pay check? Anyone? No? THEN GET DRILLING IN ALASKA! And not to mention the other billions of dollars of oil they refuse to drill.

they haven't been drilling because it's been cheaper to buy the oil from overseas. as the price of those overseas markets increase, the option to actually drill here becomes more viable. as the price at the pump continues to increase, people will cut down on the traveling, they will lose sales, and well, sooner or later, it will become more feasible to tap into what they have here. in the meantime, I've got a feeling that those leases are making a strong contribution to the "assett" category of their balance sheets, making it easier to sell stocks and get loans.

I still say that there's plenty of oil tapped in texas and capped. texas was booming for the first part of the 80's, till reagan got into office, quieted down the tension with Iran, and the price of oil from that part of the world began to fall...then well, the wells were capped, the texas economy went into the tubes because that was what it was based on .....the oil.

[edit on 19-7-2008 by dawnstar]

Thank you Doc.

And again, WHY ARE THE REPUBLICANS BITCHING ABOUT OFFSHORE DRILLING THEN VOTING AGAINST OFFSHORE DRILLING!?"

Also, in one post RR contradicts himself.

First he says it is the devil and anti american and we must exterminate all puppies and kittens if the oil companies have to drill for oil.

Then he turns around and bitches about and says it is the devil and anti american and we must exterminate all puppies and kittens because... oil companies not being allowed to drill for oil.

So which is it? Are the Dems the devil anti American and we must exterminate all puppies and kittens because they are trying to force oil companies to drill up BILLIONS IN BARRELS OF OIL or are the Dems the devil anti American and we must exterminate all puppies and kittens because they won't let oil companies drill offshore?

i know this is a stretch...but did it ever occur to anyone that the shortage is planned, so the oil companies can make more money? why drill when the oil you are already pumping becomes more valueable every day? remember ...the #1 goal of any corporation is to make more money then last year. incentive, my friends, its all about incentive.

soooo...why would any company put MORE oil on the global market, which would have the affect of driving down the cost and thus profits. it makes no sense.

[edit on 20-7-2008 by jimmyx]

That's exactly what it is. Why do you think the GOP is doing everything they can to make the oil companies as much money as possible before the elections? They know they are screwed. A landslide isn't the word to describe it. Catastrophic armegeddon to the GOP isn't even powerful enough what will happen.

I know GOP, "The people LOVE being sodomized at the gas pumps by the GOP and they LOVE having their rights taken away so Halliburton's stock will go up another half a point. The people love having their taxes go to Big Oil and Halliburton. The people LOVE that the GOP say they can't have tax payed healthcare while the same GOP go to the doctor on our taxes. The people LOVE the Iraq war and want another one with Iran that the GOP is promising. The people HATE diplomacy and LOVE sending their children off to die so Halliburton can charge more billions for more poison water and food they don't serve to our troops. McBush08!"

But for the majority of the people out there, the GOP are screwed and this is why! The Dems try to do something about the price of oil by making the oil companies drill for oil on lands they lease and the GOP tries to block it. Cause you know, that 955billion in oil isn't needed as prices go up everywhere. Oh sure the little man is paying twice as much on groceries because it costs more to deiver the product to the store but they love that right? Who needs that 955billion dollars in oil that is just in Alaska not to mention all the other places the oil companies refuse to drill in.

Also, again, why are the Dems are the devil and anti american and we must exterminate all puppies and kittens if the oil companies have to drill for oil offshore but... the Dems are the devil and anti american and we must exterminate all puppies and kittens because they won't let them drill offshore? Which is it?