milemission
New member
For those of you who want drilling off the coast and in ANWR, I have two things to tell you. First, there is the 'Enron loophole' that allows oil speculation by Americans to take place overseas without oversight. Some people suggest that this could account for over a dollar per gallon of current gas prices. Second, oil companies have leases to 68 million acres of federal land with oil on them that they ARE NOT DRILLING FOR. That makes perfect sense, because if you're selling a commodity for a racket and making record profits, do you really want to increase supply and lower the prices since demand is more or less a constant? I didn't think so. Thus, even if we gave them ANWR and land off the coast, they probably wouldn't use it.
Use it or lose it bill:
http://www.ogj.com/display_article/...G:-'Use-it-or-lose-it'-bill-could-be-harmful/
http://resourcescommittee.house.gov/index.php?option=com_content&task=view&id=389&Itemid=1
http://public.cq.com/docs/cqt/news110-000002898001.html
http://enewsusa.blogspot.com/2008/06/rahall-bill-compels-oil-companies-to.html
Enron Lopphole
http://www.stopoilspeculators.com/
http://www.oilwatchdog.org/articles/?storyId=18735
http://www.huffingtonpost.com/raymond-j-learsy/the-enron-loophole-helps-_b_25463.html
http://www.pensitoreview.com/2008/06/22/closing-enron-loophole-would-drop-oil-prices/
Use it or lose it bill:
http://www.ogj.com/display_article/...G:-'Use-it-or-lose-it'-bill-could-be-harmful/
http://resourcescommittee.house.gov/index.php?option=com_content&task=view&id=389&Itemid=1
http://public.cq.com/docs/cqt/news110-000002898001.html
http://enewsusa.blogspot.com/2008/06/rahall-bill-compels-oil-companies-to.html
Enron Lopphole
http://www.stopoilspeculators.com/
http://www.oilwatchdog.org/articles/?storyId=18735
http://www.huffingtonpost.com/raymond-j-learsy/the-enron-loophole-helps-_b_25463.html
http://www.pensitoreview.com/2008/06/22/closing-enron-loophole-would-drop-oil-prices/