John Lott's Website: Debate about Profits in the Oil Industry with Air America Radio Host Thom Hartmann

7/17/2008

Chuck Norton sent me this link from the WSJ about the 68 million acres of leases that the oil companies are supposedly refusing to drill on.

Labels: Radio

Anonymous said...: Give leases??? doesn't this fool understand that the leases are auctioned off; 7/17/2008 7:10 PM
Anonymous said...: Yes, for pennies on the dollar:

LONG-SHOT OIL LEASE LOTTERY A BONUS IN WYOMING

http://query.nytimes.com/gst/fullpage.html?res=9E0CE7DC1539F933A0575AC0A967948260

Some of the leases, which run for 10 years and cost the winner an annual rental fee of $1 an acre, are worthless. Others may have a high potential for exploration and be coveted by oil companies. In any case, winners of leases get the right to negotiate terms with oil companies that might be interested in exploring on the land. Odds Are 10,000 to 1, They Say; 7/18/2008 3:34 PM
Junkyard Sam said...: You did a good job on Hartmann's show. I hope to hear you on there again.

Thom Hartmann can be a tough debate, and it's always interesting because it's more about real thoughts and facts than FOX News style shouting, etc.; 7/21/2008 12:54 AM

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