Study: 20 million acres of federal oil, gas leases in Gulf of Mexico idle

During the second presidential debate, President Obama said: “Here’s what happened... You had a whole bunch of oil companies who had leases on public lands that they weren’t using. So what we said was, you can’t just sit on [these leases], decide when you want to drill, when you want to produce, when it’s most profitable for you. These are public lands. So, if you want to drill on public lands, you use it or you lose it.”

[link to www.washingtonpost.com]


How about that?