[Williams]

Why would it make one iota of difference to Obama, you or me, whether an oil company drills on parcel A or parcel B?

If the company for whatever reason thinks parcel A is not worth it, and leases and drills on parcel B, you still get one drilling site.

EXCEPT that with Obama denying them parcel B, you get zero drilling. And he knows it.

[Scotswife]

does he know it?

This man has no experience whatsoever in the real world.

All he knows is what his cronies tell him.

This reminds me of the whole Maurice Hinchey “use it or lose it” silliness.
They go for the soundbite - but there is not one bit of logic behind it.

[Williams]

Under Obama’s theory it doesn’t matter to give them more parcels, because they won’t drill on them! Except, of course, that he knows he is lying.

[IMR 4350]

Classic example of Zippo playing to people that are ignorant of how the oil business works.

Say for example you have a 10,000 acre lease.

You drill a well on the lease which comes in mainly a gas well with some condensate.

You need a pipeline access in order to produce the well, but you can't get pipeline access because of inviro regs.

You then shut the well in, but you cannot keep your lease unless you are actually producing from the well or you pay a shut in fee. So you pay a shut in fee.

Then you have what's refereed to as a performance clause in the lease. That means in order to keep the entire lease and not just the area where the one well is, you have to continue drilling operations.

Every new well you drill that can produce is then shut in and you pay a shut in fee.

You pay out but get nothing back.

If you abandon the lease you have to plug all the wells.

They need leases they can get their product out of and to market.

[IMR 4350]

Classic example of Zippo playing to people that are ignorant of how the oil business works.

Say for example you have a 10,000 acre lease.

You drill a well on the lease which comes in mainly a gas well with some condensate.

You need a pipeline access in order to produce the well, but you can't get pipeline access because of inviro regs.

You then shut the well in, but you cannot keep your lease unless you are actually producing from the well or you pay a shut in fee. So you pay a shut in fee.

Then you have what's refereed to as a performance clause in the lease. That means in order to keep the entire lease and not just the area where the one well is, you have to continue drilling operations.

Every new well you drill that can produce is then shut in and you pay a shut in fee.

You pay out but get nothing back.

If you abandon the lease you have to plug all the wells.

They need leases they can get their product out of and to market.