Quote:
Originally Posted by Michael
They just had senate hearings with all the big oil corporations present. They were given $70 million in subsidies for exploration for new oil fields. They said they have spent on $1.5 million. Generally speaking the oil fields are not trying to build new refineries or explore for new fields. They are not drilling on the available federal lands.
...
|
Gee with crude going for $140 you'd think they'd rather drill it out the ground on the cheap instead of paying the Saudis for it. Maybe they know something about those oil fields that you don't.