We have all heard, usually from B Hussein, that the big oil companies have claim to many acres of untapped government land and sea leases and are refusing to use them. This claim has always sounded bizarre to me since oil companies want to find low-cost fields to develop.
Today the WSJ has a piece on why B Hussein is again up to his rhetorical tricks and normal hot air (maybe the real cause of global warming). The oil companies are not drilling on these leases because there is no oil there. Instead, Congress is restricting where oil companies can drill and actually find oil.
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