The number of lease sales don't translate into more drilling on these leases necessarily. Oil companies already hold leases in the Gulf of Mexico that are sitting idle that contain nearly 18 billion barrels of oil, according to the Interior Department. Oil companies should begin drilling on those leases before asking to threaten Massachusetts and other coastal States with new drilling. Now I yield such time as he may consume to the gentleman from Virginia (Mr. Moran).
Niki Tsongas: “The number of lease sales don't translate into more drilling on these leases necessarily. Oil companies already hold…”
On the recordJuly 25, 2012
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