Political Cartoon

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boedicca said:
Condolences on your lack of understanding of economics in general, and the energy sector in particular.

Oil companies purchase leases for exploration. Many of these turn out to be duds. The ones that do prove out to have oil reserves are developed based on the cost to extract the oil.
Click to expand...
So, you're claiming without any evidence that the 9,000 leases which are currently held by oil companies are duds?
 
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