ANWR Drilling Stopped
I may not be able to go camping there with my RV but it is still in my bucket list of place to see (or go tent. camping). It might not happen but sure glad to know it will be kept in it's pristine ...
Forum Discussion
cptqueeg wrote:
ANWAR leases drew almost no bids. There was no interest shown by any of the major oil companies to drill In ANWAR and the government new that in advance. The sale was a poor attempt to say "eff you" to a bunch of people, and give a gift to the oil industry. To sell at a time when it would have brought the very least return to the American public was an epic failure. And the current admin had nothing to do with any of that.
And the oil/drilling exploration companies have many unused leases.
You are right, it's a play to keep the political base cheering too aside from an "off you" to the opposition and the environmentalists.
In fact, there are many pumps that are being capped for global oversupply.
Seems the beginning of the end too for the oil industry. The biggest of 'em all, Exxon lost $20.1 billion this quarter. They have to up the prices to recoup losses and stem the tide -- then blame the government for taxes or something.
