Crush Liberalism

Obama and his party lying about “nonproducing” oil leases

Anytime you hear some dimwit regurgitate DNC talking points about the oil companies refusing to drill on lands they already lease, debunk that lie with this.  Read the whole thing, but savor the excerpt:

Oil companies take leases not because they know there’s oil on the land (or under the sea), but because they think there might be oil and need the lease in order to explore that possibility and to secure the legal right to pump it if they do find it. It’s simply ridiculous to assume, as the Democrats’ talking points do, that each and every lease actually contains a huge amount of recoverable oil, and the oil companies are simply refusing to drill there. Instead, the claim goes, the oil companies are clamoring for the right to grab up additional leases… which then, of course, they will also leave untouched.

Why are oil companies securing leases for oil they know is there but have no intention of drilling? If their goal is to not drill, why bother with the expense of a lease at all? They’re all in on it together, in this conspiracy theory, so they can all just agree to not drill at all. They hardly need to pay the government money for the right not to drill.

June 30, 2008 - Posted by crushliberalism | Obama, oil