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Storming the Capitol
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<blockquote data-quote="floridays" data-source="post: 5287498" data-attributes="member: 68849"><p><strong>He does</strong> when he shuts down permits. I keep hearing all this 9,000 leases garbage. I don't give a rats ass if there are a billion leases if permits to drill aren't issued.</p><p></p><p>As to why they don't spend their capital, I addressed it above and you have no understanding of the law of diminishing returns.</p><p></p><p>Scarcity dictates the price of oil today, that scarcity is dictated by this administrations current energy policy and former administrations energy policy concerning refineries.</p><p></p><p>You're a lost ball in high weeds.</p></blockquote><p></p>
[QUOTE="floridays, post: 5287498, member: 68849"] [B]He does[/B] when he shuts down permits. I keep hearing all this 9,000 leases garbage. I don't give a rats ass if there are a billion leases if permits to drill aren't issued. As to why they don't spend their capital, I addressed it above and you have no understanding of the law of diminishing returns. Scarcity dictates the price of oil today, that scarcity is dictated by this administrations current energy policy and former administrations energy policy concerning refineries. You're a lost ball in high weeds. [/QUOTE]
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