The Domestic Drilling Myth Exposed

[HawkerHurricane]

http://solveclimate.com/blog/20080612/domestic-drilling-myth-exposed

Boy did Wall Street Journal columnist Daniel Henninger get it wrong in his column called Drill! Drill! Drill! today. It's a long diatribe on the need for the US to drill for domestic oil to get out of energy trouble.

At this point in time, is there another country on the face of the earth that would possess the oil and gas reserves held by the United States and refuse to exploit them?

He blames regulatory restriction for the lapse. If only we could get all that oil in the Arctic National Wildlife Refuge. And the oil and gas tucked away around the US continental shelf. And so on.

He obviously didn't read the House Natural Resources Staff Committee report that contains this shocking bit of evidence: oil and gas companies hold leases to 68 million acres of federal land and waters that they are not exploiting.

That's right. Permits in hand for 68 million acres and they aren't drilling! drilling! drilling! and here's what that means.

(more at link)