Posted by
Always To The Right on Thursday, September 04, 2008 2:37:46 PM
Biden went even further down the fringie road, too. He told his
audience that oil companies have leases on which they don’t drill now,
asking “Why do you think [that is]?” Maybe because they can’t find oil
on those particular leases, which is why they want to look for more
promising locations. If they don’t drill long enough, under current
law the leases will return to the federal government anyway. They
don’t make money by sitting on expensive leases, no matter how many
conspiracy theories Biden can spin in his imagination.