Sandhusker said:
It's much like around here, they know oil is here and keep us in their back pocket, but there's much better better places to drill.
I agree SH--and they much prefer public lands because of some of the royalties exemptions they've gotten in certain areas- where on private land they are bound to pay the royalties....We've had some deeded land leased for 50 years- and the last time they looked at it was in the 60's....
I don't care where they drill--but if the offshore is so important, why hasn't GW lifted the moratorium on drilling long ago...The only part closed by law was that off the California coast-- the greatest majority was closed by Executive Order by his Daddy GHW- and extended by Clinton...
He could open it anyday with the stroke of a pen rescinding the executive order....
The oil companies want something else from this offshore- the reason they are pushing for a law to open it-- and I smell they are holding out for more royalty exemptions and loopholes so they don't have to pay for oil off public land...