The oil companies have not explored or drilled 90% of the leases they currently hold. There are two alternatives:
1. They must exhaust the leases they already have, OR
2. They may SWAP territory from their leases for new territory.
This means they would relinquish the territory they currently hold that is not being explored or drilled with no possibility of getting it back in exchange for new territory, providing the new territory's ecology would not be adversely impacted by the new drilling or exploration.
No more of thie "Something for nothing" free ride the oil companies have enjoyed. If they maintain that the leases they currently hold are not promising, then they should give them up before getting more territory.
AND they must leave the leases relinquished the way they found it or better.
What do you guys think?
NEXT PROPOSAL:
The oil companies must give up their corporate welfare OR immediately lower their prices by $1.50 per gallon at today's current national average price..
Do you think that would be fair?
Sunday, August 3, 2008
Suggestion to Congress and the next president: Proposition for opening up more territory on the intercontinental shelf
Labels:
Drilling offshore,
energy,
oil,
oil exploration and drilling,
oil leases
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