Roger wrote:Dave, dont you find it interesting that the republicans are criticizing the Dems and Obama for Use it or lose it, When Palin is actually suing 3 oil companies on the same principle.......
AS far as the \shutdown of the TAP, it was found to be leaking
http://blogs.usatoday.com/ondeadline/20 ... _alas.html
No conspiracy there, they got caught deferring maintenance. Google is your friend.
I think the Democrats have a valid point. Oil Companies are sitting on leases instead of exploiting them. However, The Republicans have a point too. The offshore areas, and ANWR ought to be available to beat back the cost of oil. The commodities market is a funny thing. It moves on rumors and potential just as fast as it moves on reality.
The act of making these areas available will have an immediate impact on the commodities market. The pressure on the Oil Companies to ramp up production will be immense if these areas are made available.
Two things move companies. Profits and Fear of Losing Profits.
Make these areas available, and one Cut throat oil company will exploit it just to beat the others to the punch. That will bring the others a running to avoid missing out on a meal. On the downside (for the companies) if they are widely perceived as dragging their foot, the public will demand investigations etc.
But the Democrats do have a valid point.