Oil Companies Refuse to Drill Here and Drill Now

From Bur at Weston Policy:

As you may have seen on television, John McCain has said repeatedly that his energy policy is an “all of the above” program that includes “drill here, drill now” for off-shore oil. McCain has not acknowledged that there is a huge area of the Gulf of Mexico already available and authorized for off-shore oil exploration, and oil companies have shown little interest despite high oil prices.

The Arizona Daily Sun reported today that on Tuesday, August 19, 2008, the Department of the Interior auction received 423 bids (totaling $487 million) from 47 companies to drill for oil and gas on selected (mostly deep water) tracts within 1.8 million acres in the Gulf of Mexico, representing about 10% of the area in the western Gulf of Mexico authorized for oil exploration. However, the bids were for only 319 tracts out of 3412 tracts that the federal government made available for lease. More than 90% of the available area received no bids at all.

And another GOP talking point falls flat on the floor. I can sum up the real John McCain Campaign in its entirety on economics, energy and environmental policy in 4 words for you:

"Fuck you!
Fuck now!"
I'm Republican John neocon McCain and my Oil lobbyist
campaign managers approve of this message

Never mind his canon fodder in endless war vision of your child's future when it comes to foreign policy.