If oil drillers are in bed with regulators, then why are they complaining about restrictions to drilling? What is Palin talking about?
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Because they are insane. Pure and simple. The industry has had, not complete access, but not far from, for the longest time. Besides ANWR and a few other areas, we’ve sucked this continent dry. In the 50s we were the Saudi Arabia of the world.
Total restricted areas would yield about 1-2 million barrels a day within 5-10 years. I think the total is less than 20 billion recoverable. Which is mostly hard to get stuff. The world uses 30 billion bbls per year.
Keep in mind oil is a global market and would really only make a few people lots of money and would do very very little for overall price.
They seem to think the evil enviro-wackos are keeping them from oil that flows like rivers of honey under our feet.
