The number I have heard is that deepwater drilling accounts for 40% of all production in the Gulf. So since we supply 33% of the nations oil and 40% of that is now off limits, where do you suggest they plan on making up the rest?

ANWAR?
Shallow water off Florida?

Not going to happen. Duh.

The article was written by a guy from Cal Berkley. Not exactly a friend of industry. He was simply pointing out the hypocracy.

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Posted by GeorgeLSU

30.41155, -91.18296

Member since Jul 2008

854 posts

Posted on 6/15/10 at 8:57 pm to Bowe Knows

quote:
The number I have heard is that deepwater drilling accounts for 40% of all production in the Gulf

Sorry, its more like 80%. I didn't believe it either until I saw it.

LINK

ETA "In 2007, United States refineries produced over 90 percent of the gasoline used in the United States. Less than 40 percent of the crude oil used by U.S. refineries was produced in the United States."

LINK

This post was edited on 6/15/10 at 9:01 pm

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Posted by Tiger n Miami AU83

Miami

Member since Oct 2007

45656 posts

Posted on 6/15/10 at 11:13 pm to Bowe Knows

quote:
The number I have heard is that deepwater drilling accounts for 40% of all production in the Gulf. So since we supply 33% of the nations oil and 40% of that is now off limits, where do you suggest they plan on making up the rest?

The current ban relates to deepwater drilling of new wells and wells currently being drilled. I am pretty sure production is continuing uninterrupted for deep water wells already in operation. Therefore, the current effect is nonexistant. The question is oil companies moving operations currently underway for new deepwater wells (which is significant) to other locations and countries.

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