Originally Posted by ban basketball  We need no more increased land for offshore drilling. What we need is to ask the oil companies why they aren't drilling on the millions uopn millions of acres of offshore land leased to them at present.
Keep in mind that what they are asking for is more land, but yet they are not drilling on the vast, vast majority of land that has already been leased to them. Why?
Who cares anyway? Let's bring back the electric car. |
They have answered that question and the answer is. Either there isn't oil there or the oil that is there is not economical to extract and bring to market. Before you say they make enough to pay for the extraction, it wouldn't make sense to invest in a losing proposition. Further more I read an article that Exxon paid more in taxes than the bottom fifty percent of wage earners in America paid, they are taxed at 41% of their taxable income.