Friday, October 14, 2011

Perry's rantings that replace the old Palin rant of "Drill, Babe, Drill" are all empty economic promises.


On many occasion the Right Wing simply likes to express its hate of the Democrats as if we do nothing to allow gas and oil exploration.  It's hideous and if this is Perry's focus it is purely to appeal to his base and not to express any applicable economic strategy.  
...The report (click title to entry - thank you)  also revives an issue that has been mostly dormant since the 2008 campaign, when members of Congress and some presidential candidates backed a “use it or lose it” measure that would try to compel companies to drill.
Interior Secretary Ken Salazar said the administration will seek to “provide incentives to companies to bring production online quickly and safely.”
Obama’s speech will focus on broader energy goals, part of his response to rising oil prices and turmoil in the Middle East.
The Interior Department’s report says more than 70 percent of offshore acres currently leased to oil companies are “inactive.” Interior’s definition includes leases that are not producing oil or gas and are not in possession of approved or pending exploration or development plans. The department said that covers almost 24 million leased acres in the Gulf of Mexico, which it said could “potentially” hold more than 11 billion barrels of oil and 50 trillion cubic feet of natural gas....