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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
06-17-2010, 12:35 PM
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#1
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Also known as OAK
Join Date: Apr 2003
Location: Westlery, RI
Posts: 10,408
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My understanding is that it is 'technically' recoverable, but not 'economically' recoverable.
Just because me might be able to doesn't mean it will be easy or viable.
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Bryan
Originally Posted by #^&#^&#^&#^&#^&#^&#^&#^&#^&#^&#^&
"For once I agree with Spence. UGH. I just hope I don't get the urge to go start buying armani suits to wear in my shop"
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06-17-2010, 01:13 PM
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#2
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Registered User
Join Date: May 2008
Location: Mansfield, MA
Posts: 5,238
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Quote:
Originally Posted by RIROCKHOUND
My understanding is that it is 'technically' recoverable, but not 'economically' recoverable.
Just because me might be able to doesn't mean it will be easy or viable.
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Well put. When's the last time oil was over $100/barrel? |
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06-17-2010, 03:50 PM
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#3
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Permanently Disconnected
Join Date: Nov 2002
Posts: 12,647
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bite your tongue
Quote:
Originally Posted by JohnnyD
Well put. When's the last time oil was over $100/barrel?
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06-17-2010, 04:32 PM
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#4
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Registered User
Join Date: May 2008
Location: Mansfield, MA
Posts: 5,238
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Quote:
Originally Posted by #^&#^&#^&#^&#^&#^&#^&#^&#^&#^&#^&
bite your tongue
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Ooops... |
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06-18-2010, 12:05 PM
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#5
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$$
Join Date: May 2007
Location: East Taunton
Posts: 658
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There is plenty of safer to drill oil in the gulf nearer shore than the deepwater wells, but just like the windfarm here, noone wants to see an oil well from the porch of their 10 Million dollar waterfront property.
Most of the mile deep wells are a product of the Clinton era bill to not charge royalties to the oil companies if they drill a certain distance away from the coast. This makes it much more profitable for the oil companies, but as we now see, much more dangerous.
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Somebody just back of you while you are fishing is as bad as someone looking over your shoulder while you write a letter to your girl. ~Ernest Hemingway
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06-18-2010, 02:23 PM
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#6
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,466
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Quote:
Originally Posted by Circlehook
There is plenty of safer to drill oil in the gulf nearer shore than the deepwater wells, but just like the windfarm here, noone wants to see an oil well from the porch of their 10 Million dollar waterfront property.
Most of the mile deep wells are a product of the Clinton era bill to not charge royalties to the oil companies if they drill a certain distance away from the coast. This makes it much more profitable for the oil companies, but as we now see, much more dangerous.
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From what I've read, the trend towards deepwater drilling has less to do with environmentalists and coastal issues and more to do with the fact that that's where the bigger reserves are.
-spence |
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