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CBS filed an Investigation that featured a flashback to Campaign '08. Drill, Baby, Drill was the chant that represented the GOP's energy policy, Armen Keteyian reminded us. "It was the battle hymn of the Republican National Convention." It turns out that Big Oil does not endorse that plan. He cited Interior Department estimates that 68bn barrels of oil are to be found in the Gulf of Mexico and Alaska, "areas already accessible to drilling" yet "nearly half the existing rigs sit idle." Keteyian does not appear to worry about the greenhouse effect. He criticized ExxonMobil for not spending more of its profits on finding hydrocarbons. For its part, ExxonMobil claims to be "investing at record levels to find and develop new supplies of energy"--without specifying whether they happen to be green or greenhouse.
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