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Open Question: How does more drilling work when we own 3% of the world’s oil but consume 1/4 of the world’s supply?
Separate studies by the House Committee on Natural Resources and the Wilderness Society, a conservation group, show that roughly three-quarters of the 90 million-plus acres of federal land being leased by the oil companies onshore and off are not being used to produce energy. That is 68 million acres altogether, among them potentially highly productive leases in the Gulf of Mexico and Alaska.
Supply isn’t the problem people.