Political Quotes

“President has talked about and others have talked about that, frankly, don't tell the picture of what the President is also doing to ensure that you cannot develop on those lands. You cannot develop with those 9,000 leases. And I will go back to candidate Joe Biden. This is what Joe Biden said when he was a candidate for President. ``No more drilling on Federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill, period. It ends.'' That was Joe Biden as a candidate. The problem is he continued to take steps to carry through on that, starting with the 9,000 leases. If you have a lease to drill, it sounds really good until you realize that you still have to go through other steps to develop that. First of all, in some cases, you may actually go test wells, and you find out that they are not producing. Thousands, by the way, of those in the 9,000 are not producing wells, meaning they are dry holes. There is no oil. Now, I don't know if you are going to fine a company because they are not drilling in an area where there is no oil, but maybe that is what the President is talking about, or maybe he doesn't understand the process of drilling for oil. So then you go to some of the other areas, and I will give you section 1002 of ANWR, as an example. There needs to be seismic development where you go and test to see where the oil is. We have a lot of advanced technology where, in the past, they might drill even more dry holes.…”