Thread: Oil Speculators
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Old 07-14-08, 09:54 AM   #39 (permalink)
Sporin
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Join Date: Apr 2003
Location: Windsor, VT USA
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I'm actually PRO "more drilling" not to lower prices now but to expand for the future. That said, there's not much point in granting MORE offshore drilling leases when the oil companies aren't yet tapping the 90 Million acres they already have.

Oil industry draws fire for leaving leased land untapped - Jun. 23, 2008

The con seems so clear, big oil and a sympathetic oil man in the White House use high gas/oil prices as a catalyst get the US to sell MORE oil rights to Big Oil even though they already have 90 million acres of leases they haven't even touched yet.

It's a shame so many citizens are blind to the long con. It's like someone setting you on fire so they can sell you a fire extinguisher.

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