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Tag Archives: oil
Unused Offshore Potential?
Q: Are the Democrats correct in stating that oil companies are leasing 68 million acres in the U.S. that are not being used? A: Not exactly. More than 4,700 new holes are being drilled on current onshore leases.
Drilling Off the Coast of Cuba
Q: Are the Chinese drilling off the coast of Cuba? A: No. George Will and Vice President Cheney got that wrong. But Cuba has allowed for exploration by at least six other non-Chinese firms in the region and onshore testing and exploration by China’s Sinopec.
U.S. Oil Refining Capability
Q: Does the U.S. lack sufficient oil refining capabilities? A: We have half as many refineries as we did in 1982, and they're not meeting demands. Regulations, practical challenges and economic factors all play a role.







