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Oil Lands Lay Fallow As Bush Pushes For More

Posted by: Jeffrey Goodman
Thanks to: Jeffrey Goodman
6 June 2004 - 5:00am

Despite 30,000,000 unused acres, the Department of the Interior hopes to lease more environmentally-sensitive areas to drilling firms. Watchdogs argue VP Cheney is using the plan as corporate welfare for his industry cronies.

New statistics from the Bureau of Land Management show that only a quarter of the 40,000,000 acres of federally-owned land leased to oil companies actually produces oil. Critics claim the remaining area, about the size of Kentucky, serves only to inflate company assets while threatening protected wilderness areas. Nevertheless, the current administration seeks to expand the program.

Full Story: Little oil or gas from leased lands
Source: Newsday, June 4, 2004
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