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Thread: Obama to Unveil Offshore Oil Drilling Plans

  1. #181
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    Re: Obama to Unveil Offshore Oil Drilling Plans

    Quote Originally Posted by jamesrage View Post
    That would have been 40 years less dependent on foreign oil.
    By about 2% less dependent. Had we been drilling or not, you would have never known the difference.
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    Re: Obama to Unveil Offshore Oil Drilling Plans

    Quote Originally Posted by USA-1 View Post
    By about 2% less dependent. Had we been drilling or not, you would have never known the difference.
    So you know for a fact how much oil is offshore? I doubt anyone knows for such how much oil is offshore.
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    Re: Obama to Unveil Offshore Oil Drilling Plans

    Quote Originally Posted by jamesrage View Post
    So you know for a fact how much oil is offshore? I doubt anyone knows for such how much oil is offshore.
    I know offshore oil platforms are being built as fast as they can and every one is spoken for. I know oil can only be pumped so fast no matter how much oil is there and there are almost 4000 oil and gas platforms in the gulf and it took 50 years to reach that number. You act like we aren't already doing any offshore drilling. Opening up all areas would increase US oil production 2-5% in 10 years.
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    Re: Obama to Unveil Offshore Oil Drilling Plans

    This was inevitable, as oil becomes more and more expensive, demand becomes greater and greater and oil discoveries, ie new oil in the world serves, decreases every year.
    That said, its not going to mean much in the long run, at the current trend of world wide oil consumption, not to mention the time to develop those fields, oil prices will continue to soar.

    I only hope that the economics of oil force the change to alternative means, I don't mean green although that would be a plus, I mean alternative, before we simply run out.

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