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Guns Guns Guns
Guest
I accept your admission of defeat.
I accept your admission of defeat.
PostmodernProphet
fully immersed in faith..
lol, legionette....why don't you pick one thread and put all your posts there.....that way you can only lose once.....
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Guns Guns Guns
Guest
LOL, why don't you post some facts?
PostmodernProphet
fully immersed in faith..
I take it this isn't going to be the one.....fine, I will start ignoring all but one.....
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Guns Guns Guns
Guest
Let's see if you can.
Cancel 2018. 3
<-- sched 2, MJ sched 1
lmao...so true
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Guns Guns Guns
Guest
The oil industry isn't drilling on leases for millions of acres of land that could be producing energy.
They have the drilling rights to an area of public land the size of Minnesota where they could and should be drilling.
Instead they are asking Congress to allow drill rigs off our beaches up and down the East Coast.
Lawmakers say the industry is purposefully idling production so they can book the oil and gas reserves on their balance sheet as an asset, a move that might drive up their stock price.
To prod the industry into more rapidly exploring and drilling on these acres, the administration and members of Congress have proposed shortening the period for which leases are awarded, a so-called "use it or lose it" provision.
The huge amount of untapped land being leased is accurate, said Erik Milito, director of exploration and production at the American Petroleum Institute.
By forcing the industry to produce on its idle leases, lawmakers hope to raise domestic oil production, which would tend to increase U.S. jobs and add to federal tax rolls without having to open up additional lands for drilling.
Some hope it would also lower gas prices.
But it's questionable if forcing production would have the desired effect.
"Diligent development policies are unlikely to encourage money-losing production today," said Kevin Book, a managing director at ClearView Energy Partners, a research outfit. "If producing were economic, investor-owned oil companies would be doing it."
http://money.cnn.com/2011/06/06/news/economy/oil_drilling_leases/index.htm
They have the drilling rights to an area of public land the size of Minnesota where they could and should be drilling.
Instead they are asking Congress to allow drill rigs off our beaches up and down the East Coast.
Lawmakers say the industry is purposefully idling production so they can book the oil and gas reserves on their balance sheet as an asset, a move that might drive up their stock price.
To prod the industry into more rapidly exploring and drilling on these acres, the administration and members of Congress have proposed shortening the period for which leases are awarded, a so-called "use it or lose it" provision.
The huge amount of untapped land being leased is accurate, said Erik Milito, director of exploration and production at the American Petroleum Institute.
By forcing the industry to produce on its idle leases, lawmakers hope to raise domestic oil production, which would tend to increase U.S. jobs and add to federal tax rolls without having to open up additional lands for drilling.
Some hope it would also lower gas prices.
But it's questionable if forcing production would have the desired effect.
"Diligent development policies are unlikely to encourage money-losing production today," said Kevin Book, a managing director at ClearView Energy Partners, a research outfit. "If producing were economic, investor-owned oil companies would be doing it."
http://money.cnn.com/2011/06/06/news/economy/oil_drilling_leases/index.htm