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Democratic oil finders?

09/15/2008
In response to congressional Democrats obstructing new offshore leasing until all existing leases are fully developed, I request that the Democratic National Committee put its money where its mouth is, so as to apply their assumed earth science expertise to locate the undeveloped petroleum precisely. Why not offer $17/ft bottomhole money to lessees to drill no shallower then 17,000 ft total vertical depth at specific surface locations of the Democrats’ choice in, say, the Gulf of Mexico’s offshore Galveston, Cameron, South Timbalier, Ship Shoal, Grand Isle, West Delta, and Breton Sound areas, in exchange for 17% working interests in such leases? Oil operators seek partners to ...
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