Years ago, 1. Exxon bids millions to explore for oil on this tract. 2. Wins the lease bid and starts exploration. 3. Years later, and with better technology, and multi millions invested, determines that this lease property is very viable, and applys for a lease extension. 4. BP has a problem and the government closes down Gulf oil exploration.
Now 5. Zer0’s anti oil administration wants to shut down Exxon’s claim??
It really seems to me that Exxon-Mobil should register to incorporate in Figi, where-ever, and stick a huge middle finger to the communist complex at the Washington Mall, thus derpiving it of billions in lease-tax revenue.
I’m ashamed at how our politicians treat US oil companies. We have the top minds in the worldwide petroleum business - true, cutting edge, technological leaders akin to the top minds in Silicon Valley. Every country and foreign oil company taps our knowledge and people for help. And yet politicians treat our oil companies like crap. God help us if the companies in Houston ever decide to leave the US.