farmerman wrote:Tico, the argument that it takes 10 years to come to market is, as youv correctly stated, a crock. Ive been involved in oil exploration plays that went from seismics to bringing in wells and parcelling the oil by newly constructed pipelines in less than 2.5 years.
The outer and inner continental shelves are a virtual untapped and unexplored area that, with the recent findings in Brazil, may make some additional production of the size of the North Sea, possible.
The Conshelf exploration will, from lease to seismics to bringing on line , take about 4 years IMSO.
The production of alternative fuels and new efficiencies must be pursued with vigor, or else well have another period of phoney complacency that typified the Reagan years. As this petroleum crisis deepens (should everyone sit around with their thumbs up their asses like they did in the 80's) thyen we can really expect some bad times ahead.
This is another wake up call that we need to heed. Both parties need to put aside their pet projects and look at the big scene.
The reports claiming that certain ships crucial to the start of new wells being booked up pretty solid for years are untrue?
Cycloptichorn
The USW isnt the only place on the planet that makes drill platfrorms. I can take you down toMorgan City La and show you dockside where there sit a number of drill platforms that could be towed into position.
The first step is to divvy the leases, go with the auctions of bottoms , and then and only then do we invest in the large items like Glomar boats and seismic lines and then drilling.
The story about the 10 years to market is laughable to anyone who's been in the oil patch.
Why theyve reopened oil wells in both Pa and Ohio in this half year alone, they are fracturing oil reservoir rocks to see if they can stimulate new production. This is all very short term payback stuff. (6 month or less). In PA, W Va, NY and Ky, they are tapping the Marine Devonian for up to 4 QUADRIILION cubic feet of gas.)
Im not one who says that O&G production should cease because of environmental reasons, Thats insane. We should oversee the exploration programs to make sure they are in compliance and move on. HOWEVER, we should also be incentivizing oil and gas conservation, alternative energy, novel diesel (algae, bio, JP20, coalbed diesel etc). We should take and reconstitute the CArter legacy and get on with it rather than make believe that Reagan was a hero to the energy field. Reagan was the biggest jerkoff when it came to solving our energy problems. HE, more than anyone else, stopped the govt partnership to energy research , which set the stage for this crisis.
farmerman wrote:
The Conshelf exploration will, from lease to seismics to bringing on line , take about 4 years IMSO.
OK 4 years, that's much better than the the 10 years most are pushing.
Okay..2.5 to 4 years plus whenever congress approves off shore drilling etc.
The original premise of this thread is that Bush's decision caused the dip in crude prices...I'm still not convinced that it wasn't the the decrease in demand and growth in inventories.
Holding out drilling is just a way to support the oil cartels.If our govt disallows drilling on environmental bases, we are being quite gullible. If you notice, all these "reasons" for high prices are manipulations of the supply and delivery and refining nodes.
When the majors all bought up and closed refineries in the 1980's why havent the Conservatives skwalked?
There needs to be Congressional investigations and I need to be involved in generating the questions. These guys are being fed beaxh ball questions and we never get straight answers.
I think the oil complex realizes that they cant push the relationship between oil supply and economic health. Yeaterdays drop in oilo was more a realization of that. If we get some short term relief (and I dont see oil going down to double digits at all), then we have time to exploit new oil and develop new energy platforms
Setanta wrote:Who the f*ck is Buh?
That would be bubba Bush.
cicerone imposter wrote:Setanta wrote:Who the f*ck is Buh?
That would be bubba Bush.
Dude, you really need to spend more time outside of California... perhaps buy some carbon credits and tour the midwest... where the real work gets done... your senators are a joke - a ******* laughing stock. You mock Bush, but your politics mocks itself.
So, what's your point? That Bush's rating is the lowest of any president, and that the congress has even a lower rating? So, what else is new? Bush already trashed our economy, and our good name across the globe. If you think that rates better than our congress (which is domestic), you're dumber than most.
I don't care what europe thinks. As usual, they are wrong.
