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Posted by: dunkirk 1 year, 4 months ago
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dunkirk1 year, 4 months ago
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ROFLMAO,Gave you a pos by mistake. Seems its hard to determine they are "dry" leases unless you explore them which the oil comapnies arent doing. Its also interesting the that they would continue to LEASE land that has NO value for oil production. Another well thought out reply Libby. Haplha would be proud.
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tiredofwhiners1 year, 4 months ago
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As far as I know they don't have any reason to give up any lease. They buy it and get to keep it. Do they have to re-buy it every year? I don't know how they can know for sure if there's oil until they get the lease and do seismic studies and then test drilling. That's what geologists are for. It used to be called wildcatting. You take a chance and drill and probably come up dry (about 90% of the time?). At $130 per barrel it is a real incentive and not to give up a lease they already paid for.
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tiredofwhiners1 year, 4 months ago
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Dunkirk: I give up on you. If you can't read and understand all the info I've given in this thread forget it. Get a job with Obama, he needs a spinmeister like you. It seems you'll go to any lengths to try and prove you're right about everything. Yo are not worth the effort anymore.
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tiredofwhiners1 year, 4 months ago
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Did I say say not possibly? I said can't be sure. Big diff. A businessman's risk. It is likely determined to be not worth developing until more promising leases are developed. My point is just that they don't have to give up a lease they already bought and paid for. Ascribe all the conspiracies you want to big oil. I can't prove anyone is wrong or right on that. I don't care about Libby (is that a brand of pineapple?). Good job trying to twist my comment. Doesn't work on me.
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Endoscopy1 year, 4 months ago
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LOL Propeller placed it above the one I was replying to.
dunkirk
Facts.
Oil leases are cheap usually and are bought for possible places to get oil. Quite often unknown if there is oil there.
Small pockets of oil are not worth drilling for.
If there is known oil down there they only get money if they pump it out.
Question
Why are they not drilling?
Don't give one of the foolish conspiracy theories. Too many companies involved.
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dunkirk1 year, 4 months ago
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ROFLMAO, "possibly" and "can;t be sure" , big difference?? ROFLMAO.
lets further explore the spin "it is likely determined to be not worth developing until more promising leases are developed. "
So I believe the FACT is there are hundreds of acres they are NOT exploring and they NOW want to add more to that list. It seems your saying they arent exploring in the leases they have since they have "better" chances elsewhere. ANd further that until the land is leased they haven't done anythning. So it seems if we are in such a petroleum crisis you drill on those BEST areas first. This has nothing to do with more oil but with locking up areas that MIGHT contain oil to control its production, i.e. NOT to drill it
Twist your comments? No actually your doing a fine McCain on your own posts, attempting to change what you mean. ROFLMAO
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AKpatriot1 year, 4 months ago
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Dunkirk...Damn fine job of spinning! Are you sure your not in politics or the media? When they bid on the leases it is for a specific period of time. (normally 5-10 years) They conduct seismic surveys during this period to see if there is a possibility of finding oil. As with any other technology there are constant improvements in this one. They hold on to the leases in hopes that the new technologies being developed will help them locate an oil formation.
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dunkirk1 year, 4 months ago
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Great job of attempted deflection. Land already under lease is considered to be the best at possibly producing oil. Now the oil companies AREN'T actively exploring on those lands and based on what u and Da chief whiner have been saying is you CAN'T call those lands "dry". WHich pretty much shoots down Libbys post since he claimed they ARE dry. Just out of curiosity do you READ the thread? It seems ALL you're doing is supporting the fact that Libby has problems deciphering fact from fiction.
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AKpatriot1 year, 4 months ago
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I did read the post. No deflection just a statement of fact. Do you know what a "Dry" is in the oil industry? How do you know these are "the best at possibly producing oil"? Are you an industry expert? Please look at my explanation below if you want to be educated a little on the subject. If not, please go find a hole....stick your head in it....and let me know if you find oil.
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