Santo Domingo.- The presidential hopeful of the minority FNP party on Monday proposed a national policy to urgently explore for oil, citing good reasons and important indications to do so without further delay.
Pelegrín Castillo warned that because of the lack of political will and adequate legislation, the answer to the question “do we have petroleum?” will never be known. “It’s normal to affirm that foreign interests oppose the exploration. I believe that the main problem isn’t abroad, but the lack of commitment with long term projects whose results aren’t immediately seen and which however demand organization, discipline and sustained effort here.”
The deputy for the National District said he’ll reintroduce his bill on oil exploration, which despite approval in the Chamber of Deputies in more than three occasions, has perished in the Senate.
He said the oil search concessions granted in 1989 haven’t met expectations, mostly from the lack of institutional will to enforce their terms and conditions. “In the Constitution we already consigned the objective of land and sea exploration as high national priority, what’s needed now is to approve a law for that field of high risk investment, since no important company will come to conduct serious work without a legal, fiscal and adequate institutional framework.”
The lawmaker added that also needed are improved conditions and an increase of basic information which makes the exploration activity attractive.

Dominican lawmakers do not have the intelligence to comprehend the implication of oil drilling. The only reason these pathologically corrupt morons are presenting this is their overriding entitlement mentality and greed.
The DR could do so much better being a leader in alternative energy, but their need for greed is overwhelming.
What a bunch of morons.
The "lack of political will " should be changed for your pathetic transparent corruption first.
I can easliy see the whole north coast covered in oil and not ONE tourist. But there would be thousands of new SUVs.
Grow up.
Political posturing pure and simple. If there was significant Oil in the DR they would be drilling for it by now.
I agree. It would be crazy to have knowledge of a promising field and not explore the possibilities. As for changing the institutional legal structure surrounding exploration, I'm all for modernizing and institutionalizing the standards. Companies are put-off by antiquated legal structures and poorly defined legal definitions.
Here is something to think about
http://www.youtube.com/watch?v=QqIWqLylZj8
http://www.jamaicaobserver.com/bu....-3-billion-barrels-of-oil_7922092
This situation suggests more of a government agenda about getting the permit fees and kick-backs for the exploration process, to bleed revenue from any wildcat operator foolish enough to set up camp to explore in Domincan territory for petroleum reserves of sufficient volume that are capable of being reached.