thereisnospoon
Gold Member
Drilling permits? Are you for real?This makes no sense at all.
Why would we want oil we can't use over our own oil that is immediately usable?
Why would we want unusable oil when President Obama has issued more drilling permits than any other prez in the past?
Those permits are useless in that they are for areas that oil companies know are unproductive or the cost to extract is prohibitive.
As of right now, firms are saying the bottom line market price is $60 per barrel for them to turn a profit.