Drill Baby Drill, also known as Government Gifts for Big Buiness

Ironically the very conservatives that want government run more like business don't understand supply and demand. NPR recently reported on the leases that the government gives to oil companies. Unfortunately the conservative idea of Drill Baby Drill is watering down the market. In 1983 the Reagan administration opened up millions of acres for drilling. This additional acreage caused a huge drop in value for the government leases, an 88% drop to be precise. Considering the government currently makes $264 million a year off of these leases an 88% increase is no chump change. Additionally these same conservatives that bought into the Drill Baby Drill ideology also consider themselves to be deficit hawks. Well let me tell you failing to get maximum value for your products is worse than pork barrel spending since at least the pork creates some jobs. All undervaluing your leases does is get the Oil execs bigger bonuses.