Here's a project........lets start drilling projects here in the United States........making new jobs and getting us off foreign oil...................you're lovin' it right ?
Your reaction......
Moreluck, like I said previously, you dont have the first clue about the oil industry. I can tell you that offshore drilling in this country is at its highest peak in decades currently and its not making a difference. The oil companies have leases on sites offshore that they ARE NOT DEVELOPING, not because they cant or are prevented from it, BECAUSE THEY WONT.
Most of these leases are expiring without a single drill being placed into the sea. All the permits were granted, all the steps were taken, but what you dont understand is why they are not started.
ITS CALLED OIL MANIPULATION.
DO you seriously believe that there is a supply shortage? The world is floating on oil at this time in history.
The reason there hasnt been any drilling on those leases is because in order to control oil prices, no new projects be can started. Its a matter of controlling the price per barrel. Its a practice that began with Ronald Reagan. Manipulating the oil levels RAISES prices. MORE OIL less price per barrel, LESS OIL more prices per barrel.
Now, if you believe that the OIL companies want to return to the days of $25 per barrel then you NUTS.
Oil Companies have raked in BILLIONS of dollars under Reagan, Bush 1 and Bush 2. Oil held steady under Clinton and Obama held it in check until January 2011 when the republicans took control of congress. It shot up and peaked at $115.00 a barrel. Its currently at $90 per barrel and heading to the high $80's.
Under bush 2, oil skyrocketed to $150.00 per barrel. or 450% in his first 2 years.
Why werent any new drilling ops during that 8 year period when the republicans had control of both houses???
If the answer is drilling, why under Reagan were refineries closed, under bush1 refineries were closed, but under clinton, he had to release oil from the spr to keep prices in check, and under Bush2 there was no drilling approved ANYWHERE.
HIgh speed rails will cure this countries thirst for oil. High speed rails with limited stops should be all over this country. State to State. LA to Vegas would be terrific idea. Projects have to start somewhere, and in California, LA to FRISCO makes the best sense.
Drilling isnt the answer Moreluck, the oil industry isnt going to screw up its own game.
Peace.