Ranting about the Oil Drilling Moratorium

Jul 13, 2010 17:33

Moratorium, suspension .... call it what you will. A pile of excrement by any other name would smell as putrid ( Read more... )

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ccr1138 July 13 2010, 22:36:54 UTC
Also, I meant to include the impact of Obama extending the moratorium to Shell Oil's project in the Arctic. http://www.ktuu.com/Global/story.asp?S=12558521

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TOD disagrees with you about the deepwater thing. jsl32 July 14 2010, 01:47:52 UTC
From what I understand, there's not much if any oil in shallower areas (clinton did allow some drilling in alaska-- nothing was found).

obama is definitely anti-business that isn't banking or unions, etc, but it's propaganda that there's all this shallow-area oil that the ebbil eco-fools won't let 'us' have.

[here from gwendally's flist]

TOD=the oil drum. they generally have their stuff together on these things without lapsing into partisan biases, so i believe that there's not terribly much to be had in the shallower areas.

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Re: TOD disagrees with you about the deepwater thing. ccr1138 July 14 2010, 05:39:23 UTC
I've never heard of The Oil Drum. Is that the best you can do?

The Department of Energy says there's anywhere from 5.7 to 16 billion barrels of oil in ANWR. Deepwater Horizon was supposed to produce about 5000 barrels a day, or roughly 1.8 million barrels in a year. If I divide the conservative estimate (95% probability) of 5.7 billion barrels by the DH production of 5000/day, I see that ANWR is estimated to contain more than 3000 times the amount of oil. Of course, it's not a fair comparison, since it's one well versus an entire oilfield. How about we compare all ultra-deepwater reserves with ANWR's reserves? That would be 5.7 billion vs. 1.5 billion, or 2.6 times more oil in one Alaska oilfield than in all the proven reserves in the gulf at 5,000 feet or more. And we are drilling in ultra deepwater why?

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blue_lory August 11 2010, 12:26:29 UTC
That's interesting. I've been told that the US Government gets royalties from those oil wells? Is that true?

And what happens if everyone just boycots the ban? Is that completely anarchistic?

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ccr1138 August 11 2010, 14:15:18 UTC
I suppose they might get royalties, if the wells are on their land. They certainly get lots of tax dollars!

As for boycotting the ban, I doubt anyone would want the bad publicity. Oil companies work really hard to counteract their "evil" image.

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