You can’t have any pudding if you don’t eat your meat!

The oil industry in the USA isn’t using most of the oil fields they have leases for, but they’re begging for more? I don’t understand.  The USA uses 21 million barrels of oil per day, and produces 8; the oil fields they have access to which they are not using could be worth 5 million barrels a day. Meanwhile, the proposals to open up more offshore drilling, combined with the proposals to drill in the Arctic National Wildlife Refuge, could lead to 2 million barrels a day. So, they’re begging for the ability to get half of what they already have available which they aren’t using. I honestly don’t understand economics, but that just doesn’t sound kosher to me.

I understand the investment to exploit the open fields would be substantial, and the leases they are asking for would be cheaper to exploit. But, still – makes you wonder about the rhetoric about who is patriotic, eh?

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Gary

Random gibberish from my mind, mostly dealing with technology, cooking, politics, and my family. Occasional cat posts - be warned.

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