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<blockquote data-quote="bacha29" data-source="post: 5471810" data-attributes="member: 58386">What does it take to get you to understand that there are more than 9000 federal land leases available to the oil companies that sit there on the desk at DOE.? Why? Geological data does not support the conclusion that the yield would be high enough to recover the cost of development. In addition last year a federal judge blocked the Biden administration plan to offer additional Gulf of Mexico area for drilling supporting environmentalists claim that certain environmental safety criteria was not met. Look, this is not the Beverly Hillbillies&nbsp; nor is it Texas 1905. You don&#039;t just go out there, punch a hole in the ground and oil will come spurting out. If it was as easy as you seem to think it is....everybody would be doing it. And as was pointed out here earlier. Ours is a FREE market economy as evidenced by comments from major oil company CEO&#039;s who have made it crystal clear that the preservation of margins and shareholder equity is now paramount and the industry will resist pressure from all sources including governments to modify or amend their strategic plans going forward.</blockquote>

[QUOTE="bacha29, post: 5471810, member: 58386"] What does it take to get you to understand that there are more than 9000 federal land leases available to the oil companies that sit there on the desk at DOE.? Why? Geological data does not support the conclusion that the yield would be high enough to recover the cost of development. In addition last year a federal judge blocked the Biden administration plan to offer additional Gulf of Mexico area for drilling supporting environmentalists claim that certain environmental safety criteria was not met. Look, this is not the Beverly Hillbillies nor is it Texas 1905. You don't just go out there, punch a hole in the ground and oil will come spurting out. If it was as easy as you seem to think it is....everybody would be doing it. And as was pointed out here earlier. Ours is a FREE market economy as evidenced by comments from major oil company CEO's who have made it crystal clear that the preservation of margins and shareholder equity is now paramount and the industry will resist pressure from all sources including governments to modify or amend their strategic plans going forward. [/QUOTE]

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