re: info for the ignorant

Washington DC

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Companies have to contract rigs to drill the wells, and build a sufficient inventory of permits before rigs are contracted, said Jennifer Pett, a spokesperson for the Independent Petroleum Association of America, “Producers also have to put a drilling plan together, secure rights of way and work with state and private landowners,” Pett said. Thousands of unused permits are not uncommon in any presidential administration. “Sometimes there might not really even be producible oil and gas on a lease,” Daigle said. “Companies sometimes hold leases as a bit of a mind game with their competitors, or even just because they didn’t properly assess the production potential prior to leasing due to lack of data or that sort of thing.”(source:poynter.org) IF gas is NOW $5 to $9 dollars per gallon, shouldn't there be LESS DEMAND ? ISN'T THAT 'BASIC ECONOMICS ' ? People are driving LESS, and with the numerous flight cancellations per day, I assume there is LESS DEMAND there as well. If you vote Democrat, you're uneducated.