merrie says: the 85.9 billion barrels of crude offshore won't be tapped. The May BLM report explains why most onshore oil won't be tapped, either. Of the 279 million acres of federal land "with potential for oil or natural gas resources," 60 percent is off limits to leases as a matter of federal statute or administrative policy. Another 23 percent is open to leases with "restrictions." These include such things as "lands that can be leased but ground-disturbing oil and natural gas exploration and development activities are prohibited" and "lands that can be leased, but stipulations ... limit the time of the year when oil and gas exploration and drilling can take place to less than 3 months." While compliance with these laws may delay, modify or prohibit oil and gas activities, these laws represent the values and bounds Congress believes appropriate to manage Federal lands." You elected Congress. It paid you back with $4.00-per-gallon gas. |
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