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Preparing For What Might Be Next
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<blockquote data-quote="bacha29" data-source="post: 5200562" data-attributes="member: 58386"><p>DOE Secretary Granholm was a quest on CNBC . She put the numbers on the line. Right now there is more than 20 million acres of federal land currently being leased by oil companies not being drilled. In addition there is now more than 9000 DOE/DOI approved drilling permits that have been approved and sitting on the desk for months waiting for somebody to come pick them up and go drill. </p><p></p><p>Later in the program Pioneer CEO Scott Sheffield was on stating that drilling financing is a problem given the reluctance of stake and shareholders to approve financing given that the industry has had to endure 3 price collapses in the past 11 years.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5200562, member: 58386"] DOE Secretary Granholm was a quest on CNBC . She put the numbers on the line. Right now there is more than 20 million acres of federal land currently being leased by oil companies not being drilled. In addition there is now more than 9000 DOE/DOI approved drilling permits that have been approved and sitting on the desk for months waiting for somebody to come pick them up and go drill. Later in the program Pioneer CEO Scott Sheffield was on stating that drilling financing is a problem given the reluctance of stake and shareholders to approve financing given that the industry has had to endure 3 price collapses in the past 11 years. [/QUOTE]
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