House to Rethink Drilling for oil, Pelosi Says

Frame57 · 08-18-08, 10:17 AM

I think that they know that the people are finally getting sick of the nonsense. They have to support a drilling proposal and quit blaming the oil companies for these so called windfall profits. Why do they not tell the public where the other 92 cents profit out of every dollar really goes? Even if they made 10 cents on the dollar, that is marginal at best. In order for the company I work for to survive and expand, we have to maintain a 26% profitability margin.

Subman, can you clarify if the areas the Oil CO's already have to drill actually can produce oil or not? I have heard that they have drilling rights but refuse to drill. If this is true then this also needs to be addressed. I hope it is not the case.

SUBMAN1 · 08-18-08, 10:21 AM

Quote:

Originally Posted by Frame57

Subman, can you clarify if the areas the Oil CO's already have to drill actually can produce oil or not? I have heard that they have drilling rights but refuse to drill. If this is true then this also needs to be addressed. I hope it is not the case.

I wouldn't know at this point.

-S

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08-18-08, 10:17 AM	#1
Frame57 Sea Lord Join Date: May 2008 Location: 1300 feet on the crapper Posts: 1,860 Downloads: 2 Uploads: 0	I think that they know that the people are finally getting sick of the nonsense. They have to support a drilling proposal and quit blaming the oil companies for these so called windfall profits. Why do they not tell the public where the other 92 cents profit out of every dollar really goes? Even if they made 10 cents on the dollar, that is marginal at best. In order for the company I work for to survive and expand, we have to maintain a 26% profitability margin. Subman, can you clarify if the areas the Oil CO's already have to drill actually can produce oil or not? I have heard that they have drilling rights but refuse to drill. If this is true then this also needs to be addressed. I hope it is not the case.