Drilling for oil
Everyone is talking about drilling for more oil in North America. Most people seem to think that more land needs to be released, but that's not the whole truth.
Here's the truth...
The problem is that the oil companies already have leases on federal land and are NOT drilling on them.
According to a hearing aired on c-span last week, and a briefly covered spot by CNN a couple of days ago, only 4,000 out of 17,000 previously released "grids" are actually being utilized in the gulf coast.
Why aren't they drilling?
Apparently, the oil companies want to be able to buy up the leases, and then not use them. Why should they?
They're the ones benefitting from these high gas prices.
Apparently, the government needs to add some conditions to these land leases before the big US oil companies are allowed to lease them. The leased land MUST be drilled for oil.
Their argument is that not every "grid" will produce oil, but how will we know if we don't even try? They cite the cost of exploration as another reason they haven't chosen to USE the land grids. Certainly they can afford to explore and research these grids.
So why did they lease them if they weren't planning to utilize them?
It's time we start a grassroots bipartisan effort to get to the TRUTH about the oil prices, the US oil resources, and the big oil companies.
Frankly, I'm tired of hearing one party blame the other party.
Here's where my party loyalties lie - I'm an AMERICAN. Plain and simple.