Drilling begins

[Enigma]

Remember "drill, baby drill"? In its last weeks in office, the Bush administration is beginning to make it happen by quietly starting the process of exploration and drilling off the coast of Virginia. The state is ground zero for the drilling debate because of possible reserves off the coast and what energy experts see as a friendlier government than elsewhere

http://www.cnn.com/2008/POLITICS/12/20/oil.drilling/index.html

[Frame57]

A day late and a barrell short...

[SUBMAN1]

Its about time.

[AVGWarhawk]

I'm suprised they jumped on this so quickly. Usually it takes months if not years of study and read tape just to talk about it let alone starting the drilling process.

[Rockstar]

I bet this good news for some of the watermen in Virginia. As developement, virus and over regulation of fisheries has pretty much put them out of business. Many already have moved on to tug & barge companies like Vane Bros. Now with offshore drilling it ought ot help even more out with jobs. Provided thats what they want to do of course.

[Zachstar]

This would have been a good idea.

In 1988...

[Task Force]

God I hope theres no spills, the bay and its surrounding areas is already polluted enough.

[Zachstar]

Spills are not the problem with modern systems. Time is.

Look at OPEC. Big drop in price = GIANT drop in production to force it up.

We will NEVER be able to outlast the cartel's economic attacks by drilling because we simply cannot extract enough oil per day without completely destroying the environment. (And I mean complete as in wells that routinely spill oil all over the place)

ANY major development takes a decade at the minimum to have any impact. Even GTL and CTL technology. That is PLENTY of time for OPEC to "discover" a new field and yet again have that hammer to throw.

So at best we can say is. Whohoo! a few million that wont be going to the cartel! or whatever. I guess that means a mid level wont be able to afford a silver plated car this time.

[Hylander_1314]

Whoa, and I thought you were talkin' about goin' to the dentist.

[JALU3]

This would have been a good idea.

In 1988...

Would have been nice if they were allowed to back then. So, since you have to get started sometime, now is a better time than ever. More jobs, energy independence, responsible and more environmentally sound methods, and all that.

[PeriscopeDepth]

This would have been a good idea.

In 1988...
...energy independence...
To be clear, I am in favor of drilling. But suggesting it will bring us energy independence is ridiculous. It will help the situation, but by a small amount measured in fractions when you look at yearly consumption.

PD

[A Very Super Market]

Sadly, drilling for oil is only delays the inevitable result.... running dry

[August]

Sadly, drilling for oil is only delays the inevitable result.... running dry

Well that's sort of like saying:

"Sadly, being born only delays the inevitable result.... dying."

I think whether we eventually run dry or not it makes sense to use the resources we have.

[SUBMAN1]

Sadly, drilling for oil is only delays the inevitable result.... running dry
Well that's sort of like saying:

"Sadly, being born only delays the inevitable result.... dying."

I think whether we eventually run dry or not it makes sense to use the resources we have.

You forgot to include the fact that this won't happen in our lifetime. By then, we will be driving around with mini fusion powerplants in our cars.

-S

[Kapitan_Phillips]

Sadly, drilling for oil is only delays the inevitable result.... running dry
Well that's sort of like saying:

"Sadly, being born only delays the inevitable result.... dying."

I think whether we eventually run dry or not it makes sense to use the resources we have.
You forgot to include the fact that this won't happen in our lifetime. By then, we will be driving around with mini fusion powerplants in our cars.

-S

http://img.dailymail.co.uk/i/pix/2007/04_03/scottyMS2804_468x591.jpg

Sorry, I had to.

[Kapt Z]

I'm suprised they jumped on this so quickly. Usually it takes months if not years of study and read tape just to talk about it let alone starting the drilling process.

Just some little 'ditties' the Bush Adminstration pushes through as they move out. Most adminstrations do the same kind of 'scorched earth' thing at the end of their terms.:roll:

[August]

Sadly, drilling for oil is only delays the inevitable result.... running dry
Well that's sort of like saying:

"Sadly, being born only delays the inevitable result.... dying."

I think whether we eventually run dry or not it makes sense to use the resources we have.
You forgot to include the fact that this won't happen in our lifetime. By then, we will be driving around with mini fusion powerplants in our cars.

-S

Lets not count our chickens before they hatch...

[nikimcbee]

Hey, at least you guys get oil, all we get here is biodiesel:roll: .

[SUBMAN1]

Lets not count our chickens before they hatch...Why not? The US has oil reserves to last it a couple hundred years easy. Probably longer.

Fusion containment was also solved about a month ago where the figured out how to use radio waves to keep the particles from smashing into the chamber walls and extinguishing itself.

-S

[Frame57]

Sadly, drilling for oil is only delays the inevitable result.... running dry

Well that's sort of like saying:

"Sadly, being born only delays the inevitable result.... dying."

I think whether we eventually run dry or not it makes sense to use the resources we have.I like the way you think...:up:

[Hylander_1314]

Lets not count our chickens before they hatch...Why not? The US has oil reserves to last it a couple hundred years easy. Probably longer.

Fusion containment was also solved about a month ago where the figured out how to use radio waves to keep the particles from smashing into the chamber walls and extinguishing itself.

-S

The western mountains have an estimated 800 billion barrels of oilshale that isn't even being tapped yet. How long would that last? As long as time isn't squandered while looking for new and more efficient modes of propulsion.

[NEON DEON]

And we gonna drill the damn stuff now. Geesh!

Oil closed under $40 a barrell today at I think $39.91.

Very timely there GHWB!:rotfl: :rotfl: :rotfl:

[August]

And we gonna drill the damn stuff now. Geesh!

Oil closed under $40 a barrell today at I think $39.91.

Very timely there GHWB!:rotfl: :rotfl: :rotfl:

If they don't actually start drilling before this summer when the price of gas goes back up to $4 bucks a gallon will you feel better about it?

[NEON DEON]

And we gonna drill the damn stuff now. Geesh!

Oil closed under $40 a barrell today at I think $39.91.

Very timely there GHWB!:rotfl: :rotfl: :rotfl:

If they don't actually start drilling before this summer when the price of gas goes back up to $4 bucks a gallon will you feel better about it?

August the price of Oil peaked last summer in a classic blow off pattern. It wont be comming back for awhile.

[August]

And we gonna drill the damn stuff now. Geesh!

Oil closed under $40 a barrell today at I think $39.91.

Very timely there GHWB!:rotfl: :rotfl: :rotfl:
If they don't actually start drilling before this summer when the price of gas goes back up to $4 bucks a gallon will you feel better about it?
August the price of Oil peaked last summer in a classic blow off pattern. It wont be comming back for awhile.

I certainly hope you are right but i'm afraid that higher prices will return as the economy rebounds.