Re: DEMOCRATS AGAIN PREVENTING AMERICA FROM DRILLING FOR OIL!!

Monkey Clumps wrote:
> On Jun 30, 1:15 am, gringo <gri...@[EMAIL PROTECTED]
> wrote:
>
>   
>> FIRST, they need to uncap existing producing wells and begin to drill
in
>> land they're already permitted to drill on.
>>
>>     
>
> Its pretty clear from this statement that you have no idea what you
> are talking about.  "Uncap existing producing wells"?  Are you
> actually suggesting that oil companies have shut down existing,
> producing wells with oil prices above $140?  That's laughable.  Let's
> see some cites.
>
> You probably think offshore leases come equipped with pre installed
> well heads and production platforms, each with a guaranteed amount of
> oil and gas.  All the oil companies have to do is flip a switch and
> count the money, right?  Why don't you take a step outside your
> fantasy world and get back to us when you have some ****ing clue about
> reality.
>
>   


You're thinking present tense; Big Money thinks long-term.  


Much of the oil being pumped in the US now comes from wells drilled 
20-50 years ago.  When first tapped that oil was worth a few cents per 
gallon.  Today, that same oil is worth a few dollars per gallon.  
Tomorrow, that same oil will be worth, what, $20 per gallon???  All 
without one red cent in additional cost.  So, there certainly is 
incentive for them to hold onto their assets.


For the self-same reason, people collect cars, stamps, coins, guns, 
paintings--all manner of things, tucking them away sometimes for a 
lifetime, knowing that their value will increase a hundred-fold.

If you can't understand what I'm talking about, you are dumber than a
gnat.



-- 
"Sarah, if the American people had ever known the truth about what we
Bushes have done to this nation, we would be chased down in the streets
and lynched."
--- George Herbert Walker Bush, in an interview with Sarah McClendon, 1992