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Posted on 7/27/10 at 10:32 am to Dark Tiger
quote:
Long term could crush oil industry, not the spill itself actually, but new rules and regulations to come out of this....oil companies are going to have to decide pretty soon if they want to operate in the deepwater Gulf, and a lot are going to have to get out - only the really big boys will be able to afford the costs and the risks.
I think that depends on how much public support new rules and regulations have. If it had turned into the huge ecological disaster that was predicted (and that the environmentalists actually wanted), then public support would be high.
It's going to be harder to dredge up public support for huge, job-killing measures when even something as bad as this doesn't have a noticeable long-term impact.
Whatever the impact from the oil that remains, surely the public at large won't think a few dead turtles and birds are reason to kill an industry.
Posted on 7/27/10 at 10:56 am to uway
quote:
It's going to be harder to dredge up public support for huge, job-killing measures when even something as bad as this doesn't have a noticeable long-term impact.
Good point...i certainly hope that is how this turns out; we need to grow business, not discourage it or kill it.
Posted on 7/27/10 at 12:35 pm to Dark Tiger
This will not affect the big oil company's in a negative way at all, it could even help them. Supply and demand. The federal government is putting oil off limits are at least restricting access to it. This will make the supply of oil tighter. Tighter oil supply means higher prices.
Just like when the oil companies were being bashed for making mega profits when the price of oil was 140 dollars a barrel. Less oil or higher demand means more profits for oil companies.
But although supply will be affected somewhat the big difference is not going to be global but local. Instead of the US getting a larger portion of our oil domestically, we will now be getting more and more of it from over seas.
That means less jobs here and more over there.
That means more US wealth get drained from our country as we pay other countries for our oil.
That means a lower standard of living over here.
That means more people collecting unemployment here that will now be adding to the deficit instead of supplying cash to the gov't like they were before the Moratorium when they had good paying jobs in the support industry.
And here is the kicker. Now that we will be importing more oil the likelyhood of another oil disaster goes up because that means more oil will be transferred by oil tanker instead of pipelines. Pipelines are traditionally safer than oil tankers.
Just like when the oil companies were being bashed for making mega profits when the price of oil was 140 dollars a barrel. Less oil or higher demand means more profits for oil companies.
But although supply will be affected somewhat the big difference is not going to be global but local. Instead of the US getting a larger portion of our oil domestically, we will now be getting more and more of it from over seas.
That means less jobs here and more over there.
That means more US wealth get drained from our country as we pay other countries for our oil.
That means a lower standard of living over here.
That means more people collecting unemployment here that will now be adding to the deficit instead of supplying cash to the gov't like they were before the Moratorium when they had good paying jobs in the support industry.
And here is the kicker. Now that we will be importing more oil the likelyhood of another oil disaster goes up because that means more oil will be transferred by oil tanker instead of pipelines. Pipelines are traditionally safer than oil tankers.
Posted on 7/27/10 at 12:54 pm to omegaman66
quote:
This will not affect the big oil company's in a negative way at all, it could even help them. Supply and demand. The federal government is putting oil off limits are at least restricting access to it. This will make the supply of oil tighter. Tighter oil supply means higher prices.
Just like when the oil companies were being bashed for making mega profits when the price of oil was 140 dollars a barrel. Less oil or higher demand means more profits for oil companies.
But although supply will be affected somewhat the big difference is not going to be global but local. Instead of the US getting a larger portion of our oil domestically, we will now be getting more and more of it from over seas.
That means less jobs here and more over there.
That means more US wealth get drained from our country as we pay other countries for our oil.
That means a lower standard of living over here.
That means more people collecting unemployment here that will now be adding to the deficit instead of supplying cash to the gov't like they were before the Moratorium when they had good paying jobs in the support industry.
And here is the kicker. Now that we will be importing more oil the likelyhood of another oil disaster goes up because that means more oil will be transferred by oil tanker instead of pipelines. Pipelines are traditionally safer than oil tankers.
Agree, pretty much what i said earlier...i believe the smaller companies are going to be driven out of GOM, only the very big majors will be able to compete there.
Even some that can afford it, will they even want to operate in this type of a knee-jerk regulated country? Why operate like this, when you can go overseas and develop in areas that will appreciate you and pay you for it.
Posted on 7/27/10 at 1:26 pm to omegaman66
quote:Maybe it was never there. BP's estimates have always been lower than those of the government and the internet crackpots.
Where did the oil go.
Posted on 7/27/10 at 1:55 pm to Taxing Authority
BP has not ever released any figures on how much the leak was. Yet they get hammered because the gov't was wrong about the amount.
Posted on 7/27/10 at 10:15 pm to the LSUSaint
quote:
SOme of the oil floats under the surface also.
My HS chemistry teacher disagrees with you!
Posted on 7/28/10 at 1:41 pm to STEVED00
I'm in Pass A Loutre' on a fleet of spud barges and a jackup rig. Our company is housing/feeding MSRC workers, logging all the activity, and sending BP the ticket. Those guys get up and head out every morning in their skimmers. Every evening when they get back I ask them the same question, "did yall find any oil?" Every day except once they answer has been no. I've been here for over 3 months.
Posted on 7/29/10 at 3:54 pm to STEVED00
quote:
My HS chemistry teacher disagrees with you!
Your HS chem teacher doesn't understand things like depth and pressure or the addition of confounding chemicals....Sad really.Posted on 7/29/10 at 3:59 pm to Luke4LSU
I don't know where they are looking because I have talked to some guys that are running into tons of oil in boats and spotting huge swaths of oil from the air.
That much oil doesn't just vanish into thin air or get broken down and dispersed that quickly.
That much oil doesn't just vanish into thin air or get broken down and dispersed that quickly.
Posted on 7/29/10 at 5:17 pm to LSUnowhas2
quote:
don't know where they are looking because I have talked to some guys that are running into tons of oil in boats and spotting huge swaths of oil from the air.
well id love to know where they are looking because the only recoverable oil out there is south of plaquemines and barataria bay
and these huge swaths are nothing more than a couple small streamers
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