Friendly today is not friendly tomorrow. It takes YEARS to develop offshore fields and get them online, especially deepwater.
Both Bushes sold out the industry. The oil biz DOES NOT operate on the premise of the oil being worth more tomorrow and therefore we won't start programs to develop it. You go for it NOW. Stockholders won't wait.
You have to remember, it has to be discovered first.
Quote:
Originally Posted by Chas H
Sounds good to me. Let's buy our oil from friendly countries, and save our own oil for the day when it will be much more valuable than it is now.
The Bush brothers, Jeb and Dubya, substantially reduced the size of the Gulf leases let by the Clinton administration because the oil and gas drilling could jeopardize the lucrative tourist trade in Florida.
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