These companies already have plenty of leases that they can drill and develop.
When they have exhausted all of their current leases, we can talk about them
trying to drill in ecologically sensitive areas like the Arctic, and to develop
more appropriate ways to drill to put lses risk on the ecology. Good decision
to terminate operations at present.
Good. It's better to err on the side of caution.It's not
as if that oil is going anywhere.It will still be there after
technology improves. Why rush to exploit those resources if current technology
creates unacceptably high risks?Shell was wise to make that
decision. How many countless billions would BP have saved if they had approached
drilling in the Gulf a little less hurriedly and a little more sensibly? . . .
not to mention the consequent environmental devastation.
It will be no surprise if China buys up those leases!
Liberal environmentalists doing what they do best...suing companies,
obfuscating, blocking, and generally doing anything they can to kill American
jobs and increase our dependence on foreign oil from terrorist-sponsoring
nations.The government won't grant permits at the request of
the extreme environmentalists.Meanwhile terrorism and threats to
innocent people grow because of this behavior.Talk about the party
of "no".No to American jobs.No to oil/energy
independence.No to fight/decrease revenues flowing to terrorist