Political Quotes

John W. Peterson: “Well, it's interesting, we have the talking points of the Democrats that they have 68 million acres under lease; there…”

On the recordJune 18, 2008
Well, it's interesting, we have the talking points of the Democrats that they have 68 million acres under lease; there are--some are saying 5,500 leases, some are saying 10,000 leases: That's enough, they're not producing. I had one of them challenge me in a debate today that he wanted me to join on a bill with him to force the oil companies to drill where they are. Folks, if it's not productive, if they've drilled 10 dry holes, they're not going to drill anymore. And in some of those deep water leases, it's 7 or 8 years before you get to productivity.
Said by
John W. Peterson
Pennsylvania
Source
govinfo.gov

Editor's note · Context

Discussing oil leases and production during a debate on energy policy.

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Jun 18, 2008

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Well, we're so far behind the curve right now, we were talking to Minerals and Mines Management today. Many of our rigs went to Russia to drill because there's so much more activity there. The big owners go where the action is, and they're…

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But if you want to make sure that the project costs three or four times what it should, then put the Corps of Engineers in charge, and you will accomplish it.

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