The money the Government makes isn't from the Oil they extract... It is from the Leases required to extract it.
Your ignorance on thematter notwithstanding. On Oct 26, 3:14 pm, "Mark Kahle" <[EMAIL PROTECTED]> wrote: > how does that put them on US soil??? We all know there is NO US oil > regardles if they drill in the Gulf or in central Oklahoma. ... it is > sold on the WORLD market by international companies.... not one DROP > is < quote > US OIL < unquote>. > > Until the government OWNS a well and the drilling company and the > refinery.... it is not and can not be US oil. > > By the way.... slant and horizontal drilling is LEGAL in the US. > > On 10/26/08, Gaar <[EMAIL PROTECTED]> wrote: > > > > > > > > >http://www.nysun.com/business/oil-battle-shapes-up-off-florida/80151/ > > > The issue emerged as a flare point last week when Vice President > > Cheney said China was drilling for oil off Cuba. Democrats hotly > > disputed that claim, but even they acknowledge China has leased > > exploration rights in the area. > > > On Oct 26, 12:11 pm, Gaar <[EMAIL PROTECTED]> wrote: > > >http://www.americanfreepress.net/html/china_starts_oil_drilling.html > > > > WHILE AMERICA TWIDDLES THUMBS, CHINESE TAP BILLIONS OF BARRELS > > > > By Mike Blair > > > > While Washington dithers over exploiting oil and gas reserves off the > > > coast of Florida, China has seized the opportunity to gobble up these > > > deposits, which run throughout Latin America, the Caribbean and along > > > the U.S. Gulf coast. > > > > The Chinese have forged a deal with Cuban leader Fidel Castro to > > > explore and tap into massive oil reserves almost within sight of Key > > > West, Florida. At the same time, Venezuelan President Hugo Chavez, who > > > controls the largest oil reserves in the Western Hemisphere, is making > > > deals to sell his country s oil to China, oil that is currently coming > > > to the United States. > > > > Meanwhile, a new left-wing populist regime in Bolivia has nationalized > > > the natural gas industry, threatening to cut off supplies to the > > > United States. > > > > SLANT DRILLING > > > > There are new reports out circulating that Chinese firms are planning > > > to slant drill off the Cuban coast near the Florida Straits, tapping > > > into U.S. oil reserves that are estimated at 4.6 billion to 9.3 > > > billion barrels. This compares with 4 billion to 10 billion barrels > > > believed to be beneath the Alaska National Wildlife Refuge, where > > > drilling is held up in Congress due to the objections of environmental > > > groups which warn of endangering caribou. Permission to drill in the > > > refuge, which experts are certain will not present any environmental > > > hazard, has failed by just two votes in the Senate. > > > > As Chinese business increases its reach around the world, it is > > > seeking oil, which it lacks domestically. > > > > After elections in Mexico in early July, when a new regime hostile to > > > Washington is expected to take power, the United States might be > > > without supplies of Mexican crude oil. The United States gets about 40 > > > percent of its imported oil from Mexico and Venezuela. > > > > China is eager to tap into oil reserves in the Florida Straits and > > > then make a deal with Castro to control it. The Chinese have already > > > reopened an abandoned Russian oil refinery in Cuba. Much of the gas > > > refined there is believed to be destined for Freeport in the Bahamas, > > > where the Chinese, through front company Hutchison-Whampoa, has > > > developed a massive port facility and airfield. > > > > With the refinery reopened and expanded it will also meet the needs of > > > Castro. > > > > Sen. Larry Craig (R-Idaho) has introduced legislation to ease U.S. > > > restrictions that prevent dealing with Cuba to drill in the Florida > > > Straits. It is hoped that Florida regulations that prevent U.S. oil > > > drilling off the state s coasts could also be eased. > > > > The irony is that Chinese drilling could be even more of an > > > environmental hazard since China is not as concerned about or equipped > > > to deal with any potential ecological disaster as a result of a spill, > > > said Craig. > > > > (Issue #22, May 29, 2006) > > -- > Mark M. Kahle > Blessed are the bewildered for they don't know the difference.... Me- Hide > quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
