Before blaming the Dem Congress, what are the oil companies doing with THIS property?

From the Yahoo article about Congress denying Bush on offshore drilling.





';Congressional Democrats were quick to reject the push for lifting the drilling moratorium, saying oil companies already have 68 million acres offshore waters under lease that are not being developed.';





So, what's up with this?


Thoughts?Before blaming the Dem Congress, what are the oil companies doing with THIS property?
Not all land is created equal. Just think about it for a moment. Oil companies make near nothing per gallon of gas. They make money through quantity of sales, not price itself. They make $0.08 profit per gallon of gas. If there were land that they could drill on and tap into large quantities of oil, why wouldn't they be doing it already? It would lower gas prices, therefore increasing gas sales and further increasing their profits.





The answer is that the land available to them is not profitable to drill for oil in. It's either expensive to do or doesn't contain enough oil or a combination of the two.





IF Congress would wake the heck up, we could drill on the coast, in Alaska, and get the coal to oil plants going on land and we would be completely self sufficient for oil for probably 80-100 years. It's certainly not forever, but it at least gives us more time to get alternatives going.





Conservation and alternative energy are great, but they will not solve the problem right now. They can only play a partial role, but we still need to increase our oil production and we need to do it 10 years ago so it would be available right now. There is no other option.





It's not just oil either. There is natural gas in some of those areas off the coast that the drilling moratoriums prevent drilling at. Natural gas isn't magic and still must be drilled for. That's another resource increasing in price.Before blaming the Dem Congress, what are the oil companies doing with THIS property?
It is also a permit problem. It can take years to get them from local, state and federal governments. Those leases do not last forever, they can spend 7 years getting the permits on an 8 year lease. My husband works in the oil field business. Report Abuse

The Democrats in Congress are POLITICIANS in an election year - NOT specialists in energy economics.





Not all oil and gas is recoverable even if you own the leases,


You don't simply poke a hole and suck out the oil.


The oil might not be recoverable with today's technology or at an economical rate.


There might not be a pipline anywhere near the leases.


There might not be a refinery or any way to build one.


The oil companies are vertically integrated to accommodate this problem but, if they can't put the pieces together, the existing leases are useless.


The companies lock up leases years in advance, often at low prices so that when they develop the technologies, they can produce from those leases. That's why they have been able to keep oil and gas prices traditionally low in the US, keep a steady supply, and provide a good rate of return to shareholders.


Unlike the government, the oil companies are run efficiently.





The Democrats are always holding hearing with the experts that THEY want to hear.


They'll listen to so-called ';environmentalists'; many of whom aren't even scientists.


Why do they discount the expert testimony from those who know the truth about our petroleum resources?
I think this pretty much sums it up:





';Oil corporations are trying to take control of as much land now during the oil-friendly Bush administration years, but are holding off on drilling until the price of oil soars to $200 or $300 a barrel so they can make even greater profits,'; said Rep. Maurice Hinchey, a New York Democrat and a sponsor of the drilling bill.
The Democrats are always blocking new drilling. They have for years. While the American public is suffering through high gas prices, they don't even care because they are selfish and using this crisis for their own ends. Go take a look here:





http://www.americansolutions.com/actionc鈥?/a>





It's a petition to urge Congress to let U.S. oil companies drill and explore domestic oil reserves. Congress keeps passing legislation to block their efforts while we are sitting on oil reserves larger than Saudi Arabia's. While I am all for the environment (they want alternative energy sources), gas prices are killing us all. Domestic drilling would both drastically lower prices and end our dependence on foreign oil for the next 100+ years. By then we will have alternative energy sources.





Over 900,000 people have already signed this online petition. The only way Congress is getting away with their actions is because most of America does not know about these large deposits under American soil.
Because they have not found enough oil to drill for.so why do not we go where we know the oil is . so i guess you like buying from country that does not even like us and for new source of energy we been waiting since the 70s and what came out a normal America can not afford and how many more years will it take to find the new source that a normal America can afford 10,20,30 more years





Darling J the only person that holden us back is the democrat if we would have drill when Clinton was in office we would be get a million barrels of oil a day. that would help you think..
kpk02 is one of the more intelligent answers I've seen in a while. People do your homework and quit spouting the liberal agenda. If you think its about ';saving the planet or some sh*t';, you are dead wrong. It is about money (getting yours) and power grabbing.
If the GOP gets its way than more land that is owned by the US will be in the hands of oil companies. They already have 68 million acres of unused offshore waters in which they can drill but they have chosen not to.
You seem to accept the lying talking points compiled by people who assume everyone is an idiot.


Have you ever heard that the lease of land may comprise land without any chance to find oil.
Well, maybe it means that oil companies are beyond rich and are hiking up the cost of gas before they tap into other reserves to make themselves even richer.





democrats '08
because that's not what Glenn Beck and Hannity or Rush tell them to think.





conservatives only believe what their leaders tell them to.





sheep they are.
The democrats are too worried about the ecological effects from drilling or building any new refineries. Blame Al Gore!
NEVER,NEVER blame Big Business, when the Democrats can be blamed first.
Half the wells in Texas are capped. Have been for decades.
Bush is an oil man. Off shore drilling is his retirement plan.
What...a politician said something and you believe them!

Is it necessary to water or oil quench the LCC material to obtain desired mechanical properties?

is any other heat treatment cycle by which we casn obtain desired mechanical properties in LCC material without quenching it or by just air cooling or forced air cooling.Is it necessary to water or oil quench the LCC material to obtain desired mechanical properties?
Sorry, what is LCC? Low carbon (?)





The only way to harden a steel alloy material by air cooling is if the alloy content is quite high - this is the reason for adding the alloys. If you don't have high alloy content, you MUST quench to harden the steel.





You're going to need a carbon content above 0.3% to see any improvement in properties from quenching.





Another heat treatment cycle on steel is case-hardening - this would improve surface hardness.

Antimicrobial properties of tea tree oil?

antimicrobial properties of tea tree oilAntimicrobial properties of tea tree oil?
hope this helps http://www.answers.com/topic/tea-tree-oi鈥?/a>

What are the carminative essential oils and what are their properties?

I am stuck on this one. ThanksWhat are the carminative essential oils and what are their properties?
The essential oils of e.g. Anise seed, Basil, Calamus, Caraway, Cardamom, Cinnamon, Coriander, Cumin, Dill, Fennel, Ginger, Goldenrod, Marjoram, Nutmeg, Oregano, Peppermint, Rosemary, Saffron, Spearmint and Thyme have carminative properties, that means they induce the expulsion of gas from the stomach or intestine, they cure flatulence and abdominal distension.





Some carminativa, active agents incl.:


http://www.anniesremedy.com/chart.php?pr鈥?/a>

Explain how oil uses are related to its properties?

For example, if a hydrocarbon chain is very long, the oil molecule is easily tangled up in each other, hence it is very viscousExplain how oil uses are related to its properties?
in what context?


without a context i would be going through everything including philosopically which would be potentially endless!

new myspace

What's the procedure for getting an oil well set on your property?

I have about 50 acres of land in Louisiana. A person on a neighboring piece of land about 400 yards over is having a well put in place on his land. I'm almost positive that there is oil and gas on my property as well. Testing has shown oil to be throughout the area. It follows a path once called the Tuscaloosa Trend. What is the best route I can take to have a well set up on my property to allow drilling?What's the procedure for getting an oil well set on your property?
Make sure you have the mineral rights to it before contacting ANYONE. You might find someone you never heard of before coming in and drilling on your property if they find out there's oil there.What's the procedure for getting an oil well set on your property?
You can't ask your neighbor what he did? Maybe you should contact local drilling companies and let them know you are willing to lease land for drilling, and see what they offer.
Check the Goelogy records for the area. I know of a case where the well was on one side of the fence and they drilled at an angle to get to the other side of the fencr for the oil.