H R 6515- Require Oil Companies To Drill On Lands They Own

THIS JUST IN!

Republicans refuse to release oil to lower gas prices.Oil Link

First its "Drilling for oil is the devil! If you make oil companies drill for oil then you hate America and support terrorists!"

Now its "Doing something that has ALWAYS worked in the past is the devil and you hate America and support terrorists!"

So GOP, why are you doing everything you can to keep oil and gas prices high? It couldn't be you're in their pockets. I mean just because half of the Bush Administration is former oil men...

Also, again, why no response? You were all ready to bitch about offshore drilling but... then say making the oil companies to drill offshore is evil. Which is it?

reply to post by Krieger


Sounds like the GOP should now stand for:

GOP=Greed Over Patriotisim

Originally posted by Krieger
So GOP, why are you doing everything you can to keep oil and gas prices high? It couldn't be you're in their pockets.

Not only that, but keeping oil prices high sends a message to Americans: "The bad people have countries sitting on oil that's rightfully OURS! We have to stay at war with the bad people so we can get our oil and make the prices go down"!

Everybody wins!

Originally posted by Anonymous ATS
reply to post by Krieger

 

Sounds like the GOP should now stand for:

GOP=Greed Over Patriotisim

Exactly! Or Grand Oil Party. They are doing everything they can to make oil companies more money.
news.yahoo.com...

reply to post by Krieger


do you speak english?

oil companies exist only to make a profit, they would drill the land they have if the oil under it was profitable.... its really pretty simple, you drill where you can make money. they hold the leases in hopes that one day the cost of oil will make it profitable to drill those areas. the price of your gas would increase if you forced the companies to drill on the leases in question. you can only lower the price of oil if you drill oil that costs less to obtain than the current price of oil (for example in saudi arabia it costs somthing like 2 bucks a barrel to get the oil)

The problem is, they're just sitting on that oil. The land was leased to them to drill for oil or gas, but they do nothing with it.

If you ask me, take their lease away, let another company go in there who WILL drill for oil or natural gas! This was the intention of the government leasing this land to begin with!

Their just sitting on that oil until the "time" is right to drill!

The oil companies play "Big Stakes" games! They should be told that they just lost "this" game!

Oil in the Bank: Are Leaseholders holding Out On Pumping?

• Oil companies collectively are not producing on 68 million acres, or about three-quarters of the federal lands and waters they have under lease.

• More than 100 billion barrels of oil and gas resources are currently available on federal lands already leased or available for leasing by oil companies.

And one of the reasons I've heard before , why they aren't drilling on these leases, is because it's sooo hard to get a permit to drill!

Well, that excuse doesn't hold water!

Between 1999 and 2007, the federal government increased the number of drilling permits by 361%. While the Bureau of Land Management issued 28,776 permits to drill on public land in the last four years, wells have not been drilled on over a third (9,822).

When the government leases land to oil companies as an oil or natural gas lease, they should be obligated to drill on that land just like coal leasers have to mine for the coal or lose their lease.

Coal companies already comply with requirements that they diligently develop federally leased lands - why should oil companies be given special treatment? My bill would create industrywide accountability standards, which many of the oil companies say they are already capable of meeting. So why are they putting up such a fight?

After all, the quickest way to produce more oil is to develop lands already under lease since exploration is underway, leases and many drilling permits are ready to go and the infrastructure, including miles and miles of pipeline, is already in place.

A Coal Lease Contract with the government.

UNITED STATES DEPARTMENT OF THE INTERIOR BUREAU OF LAND MANAGEMENT - COAL LEASE

This lease is subject to the conditions of diligent development and continued operation, except that these conditions are excused when operations under the lease are interrupted by strikes, the elements, or
casualties not attributable to the lessee. The lessor, in the public interest, may suspend the condition of continued operation upon payment of advance royalties in accordance with the regulations in existence at the time of the suspension.
*****SKIP*****
Lessee shall submit an operation and reclamation plan pursuant to Section 7 of the Act not later than 3 years after lease issuance.

It works for the coal industry, why not the oil industry?

Drill on the land within 3 years or give up the lease and let somebody else drill on it!

[edit on 8/5/2008 by Keyhole]

Originally posted by Krieger
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.

If the oil companies were 'Allowed' to upgrade/build new refineries there wouldnt nearly be as much profit in those numbers. There hasnt been a new refinery built in 30 yrs.. but every time they try and improve their efficiency they get stopped..

But if you want to look at 'Profit' on a gallon of Gasoline/Diesel.. Look at California... the Oil companies average 8-10cents profit/gallon... whereas the State taxes Diesel at 60 cents a gallon without doing any work... Who's making the profit there???

Originally posted by Krieger
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!

Originally posted by gizmohd

Originally posted by Krieger
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.

If the oil companies were 'Allowed' to upgrade/build new refineries there wouldnt nearly be as much profit in those numbers. There hasnt been a new refinery built in 30 yrs.. but every time they try and improve their efficiency they get stopped..

But if you want to look at 'Profit' on a gallon of Gasoline/Diesel.. Look at California... the Oil companies average 8-10cents profit/gallon... whereas the State taxes Diesel at 60 cents a gallon without doing any work... Who's making the profit there???

They are allowed. Its a myth that they aren't. But they have only asked for 1 in 30 years. They have asked to build 1 new plant in 30 years. It was allowed and they built it. Since then they haven't requested to build a new one and so they haven't.

If you have any stock , or intrest in any 401K retirement plan, YOU are probably the "BIG OIL" that you bitch about. Their first directive is to make money for their stockholders.... not be a benevolent giver of petrol.
That's Caesar Chavez's role. IF the US government wants cheap fuel, why don't THEY produce their own fuel ??? .....'Cause its more profitable for the government to tax every gallon of fuel that YOU use and pay taxes on. BIG OIL makes less than 10% profit .... GOVERNMENT makes 100%.
ALL GAIN ...... NO RISKS. I know... I'm from the government and I'm here to protect you.

reply to post by jamie83


This site come up when I searched google with this topic: how much land do oil companies own that they are drilling on? The title of your article and the article are confusing. The title referred to land oil companies own but the article referred to government owned land. That is not land the oil companies own.

Do oil companies own any land in the United States? Are they only drilling on land that is owned by the U.S. government? If it is not profitable to drill on the land for which they currently hold leases why won't they give the leases up?

reply to post by Anonymous ATS


As I've asked already. If there is no profit to drilling up 100BILLION BARRELS OF OIL then WHY DO THEY KEEP THE LEASES!? No Neocon has come to answer this as there is no logical answer other then the GOP and Oil Companies artificially inflate prices to make more money.

Most of this land, will never be drilled. Do none of you understand the real reasons for this? Why use up all your own and have no plan B.

Its all strategy.

reply to post by Retikx


Nice siggy. But hemp is the devil! No bother it makes better paper then trees, makes decent clothes. Or you know, cheap fuel. And even better? Unlike corn you could build a building, say, 20 floors tall, and grow the hemp on every floor so you'd only need an acre to grow 20 acres of hemp. Not a bad idea no?

But the GOP will never allow this as that would hurt their oil buddies. Just like they are against wind, solar, and geothermo energy.

The oil industry can be very demanding and there’s no room for mistakes. Employers in the field are inclined to choose workers with at least some similar experience. If you’ve done any work for an oil company in the past don’t forget to mention it on your CV. Trade experience is also often valued by employers in the petroleum industry. For more information visit : www.lincenergy.us...

Originally posted by Krieger
But the GOP will never allow this as that would hurt their oil buddies. Just like they are against wind, solar, and geothermo energy.

Huh?