The amount of Land the Oil companies can drill on= All of NY and Louisiana

Ichingcarpenter

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Fri Aug-01-08 05:07 PM
Original message

The amount of Land the Oil companies can drill on= All of NY and Louisiana

68 million acres = 106,216 square miles=the size of these 2 states combined

54,475 square miles

51,843 square miles

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redqueen

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Fri Aug-01-08 05:08 PM
Response to Original message

1. *waits for the trolls*

... no shortage of trolls willing to serve as apologists for the oil barons.

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Ichingcarpenter

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Fri Aug-01-08 05:12 PM
Response to Reply #1

3. This is where our Democratic Spokespeople are Stupid

If they would frame the acreage into these terms
then everyone could relate to it.

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redqueen

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Fri Aug-01-08 05:16 PM
Response to Reply #3

4. Have you seen the responses on my thread?

No... not everyone. Some are still... whatever.

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Ichingcarpenter

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Fri Aug-01-08 05:20 PM
Response to Reply #4

6. I did.. which is why I did this thread

And even posted this information on it
but saw it didn't get a response

New York and Lousiana aren't that small of states, I could have picked others
but thought these two would put it into perspective.

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2KS2KHonda

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Fri Aug-01-08 05:22 PM
Response to Reply #1

8. Golly, I hope you're not including me in that broad indictment.

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ihavenobias

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Fri Aug-01-08 05:11 PM
Response to Original message

2. Amazing isn't it?

Edited on Fri Aug-01-08 05:13 PM by ihavenobias

K & R

Also, Cenk lays out a few minutes into this clip (the beginning is about how the poll saying that Americans favor off-shore drilling is flawed).

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redqueen

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Fri Aug-01-08 05:19 PM
Response to Reply #2

5. Thanks!

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ihavenobias

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Fri Aug-01-08 05:52 PM
Response to Reply #5

23. Any time. Also check out this short article on how drilling in the US does NOT mean we get the oil

http://www.huffingtonpost.com/cenk-uygur/if-we-drill-in-the-us-we_b_114525.html

It seems like an obvious point but most people out there just don't seem to be aware of it.

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redqueen

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Fri Aug-01-08 06:11 PM
Response to Reply #23

26. Thanks again.

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BalancedGoat

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Fri Aug-01-08 05:22 PM
Response to Original message

7. How much of that land has extractable oil?

Do we actually know how much oil is under this land and whether or not it's feasible to extract?

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2KS2KHonda

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Fri Aug-01-08 05:23 PM
Response to Reply #7

9. Most of it has none...but anyone who points that out will be vilified as a troll

or worse. By know-nothings who think their shit does not stink.

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BalancedGoat

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Fri Aug-01-08 05:35 PM
Response to Reply #9

13. Do you have any links that indicate this? n/t

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2KS2KHonda

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Fri Aug-01-08 05:39 PM
Response to Reply #13

16. Indicate...what? I can't produce evidence of the non-existance of something

if that's what you mean...that would be like fundies demanding someone prove there are no deities. So you obviously had something else in mind, right? :D

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BalancedGoat

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Fri Aug-01-08 05:51 PM
Response to Reply #16

21. Well, you must have some source for your claim.

I was just hoping that it might be something a bit more substantial than hearsay from your brother in law.

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Ichingcarpenter

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Fri Aug-01-08 05:58 PM
Response to Reply #16

25. Sorry Pal.... it doesn't work that way on DU

either put up or shut up.

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Ichingcarpenter

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Fri Aug-01-08 05:38 PM
Response to Reply #7

15. Its a land grab and scam for oil investors

The land would not be offered if there was no potential.

BLM officials could provide no details on the number of exploratory wells drilled on those leases, despite repeated requests however The 68 million acres under lease to oil companies has potential reserves to nearly double U.S. oil production and increase natural gas output by 75 percent, the Democrats claim.

http://www.nytimes.com/2006/09/21/business/21royalty.html?_r=1&pagewanted=2&oref=slogin

http://ap.google.com/article/ALeqM5iHcuoEcit0_kR272HwGKm6sL1K6gD921NR480

http://www.nasaa.org/Investor_Education/Investor_Alerts___Tips/6076.cfm

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redqueen

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Fri Aug-01-08 05:47 PM
Response to Reply #15

18. "The Democrats" claim?

Edited on Fri Aug-01-08 05:47 PM by redqueen

I have to wonder if there's really no other basis for that...

*sigh*

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Ichingcarpenter

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Fri Aug-01-08 05:50 PM
Response to Reply #18

20. The articles I listed are lengthy

but yes they are offered to oil companies because they have
geological potential, that being said the companies can sit on the lease
that only cost $2 an acre and hold that land for 10 years without doing squat
while attracting investors with their huge holdings.

The New York times article explains the investigations and history into the swindle.

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redqueen

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Fri Aug-01-08 05:54 PM
Response to Reply #20

24. Thanks for the links...

Edited on Fri Aug-01-08 05:54 PM by redqueen

sure hope there's more in there than just attempts to spin it as all just things that Dems 'claim'. :P

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BalancedGoat

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Fri Aug-01-08 05:47 PM
Response to Reply #15

19. Just because they have oil doesn't mean it's feasible to get at.

I just wish there were more hard facts available about the potential of these lands. It's a shame that we couldn't get the "use it or lose it" law passed (it's even more of a shame that the reason is fear of defectors from our party). Then we'd see what lands the oil companies considered worthwhile. My guess is that they like to buy up the land so they can count it as "potential reserves" to inflate their stockprice whether or not the oil is actually extractible.

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magellan

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Fri Aug-01-08 05:26 PM
Response to Original message

10. As someone just said to me

..."What does it hurt to open all of our land to drilling?"

Brilliant! They can pay me a million to start in my backyard, and I want all the profits on anything they find.

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redqueen

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Fri Aug-01-08 05:29 PM
Response to Reply #10

11. Yeah... that'd be nice.

Edited on Fri Aug-01-08 05:29 PM by redqueen

I doubt they'd pay though.

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magellan

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Fri Aug-01-08 05:32 PM
Response to Reply #11

12. They would!

They WOULD, I know they would!! Because I'ma god-fearing patriotic Amerakin!

They love me, they love my unexplored 1/4 acre.

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2KS2KHonda

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Fri Aug-01-08 05:37 PM
Response to Reply #10

14. The normal cut is 12.5%. They won't pay you a million to start but a 10 bbl per day well

on your land would put $150 a day into your bank account. Would you turn it down? :D

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magellan

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Fri Aug-01-08 05:46 PM
Response to Reply #14

17. Yep, I'll have my million plus all profits or they can go to hell

It's the Amerakin way!

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ihavenobias

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Fri Aug-01-08 05:51 PM
Response to Reply #14

22. As Cenk explains in this video clip, 12-16% is the American norm but it's more like 30% elsewhere

We're getting shafted:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x163482

Why are we selling ourselves so cheap? Why should they get that much more money in Canda? Remember, this royalties on profits, so arguing that it costs more to drill in the US is irrelevant.

If profits are lower, they pay less royalties.

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