Mitten$ asked Pres. Obama about the reduction of Federal leases and this was
the president's answer:
OBAMA: Here's what happened. You had a whole bunch of oil companies who had leases on public lands that they weren't using. So what we said was you can't just sit on this for 10, 20, 30 years, decide when you want to drill, when you want to produce, when it's most profitable for you. These are public lands. So if you want to drill on public lands, you use it or you lose it.
ROMNEY: OK, (inaudible) --
OBAMA: And so what we did was take away those leases. And we are now reletting them so that we can actually make a profit.
Read more here: http://www.mcclatchydc.com/2012/10/16/171713/complete-transcript-of-the-presidential.html#storylink=cpy
This is a GREAT move AND IT'S ALSO
SOMETHING SAINT SNOW SNOOKI TRIED TO DO IN ALASKA:
Earlier this year, she attempted to revoke Exxon's license to the Point Thomson oil-and-gas field, one of the largest undeveloped fields in the U.S., for failing to develop it quickly enough. The company hasn't drilled a well there since 1982.
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