John W. Peterson said "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." @ PoliticalQuotes.com

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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