Quote:
Originally Posted by MartinSE
There is this complaint about drilling leases that the president is not releasing, and yet, the oil companies already have many they are not drilling. In fact, drilling is up in the last 15 months, however, it takes a while for new wells to come online. So, the lack of producing wells, if there is in fact is one, is a result of the time or policies prior to the last 15 months.
Also, we are not alone, oil (hence gas) prices are high all over the world. Hmm. Power change happened 15 months ago. In the last 15 months the oil companies have been reporting massive historic level profits. Hmmm...
just saying., fun to point fingers, but it is not always so easy to figure out what is really going on.
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Well, the "drilling leases" line is easily debunked. A lease is not a "permit to drill". Those "permits" are being slow rolled. Many of the leases are on land with no oil. And... Once they do find oil, they have to pipe it off site. Oh, wait! No new pipeline permits!
How does that figure into your narrative?