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Comment about: Reality Check On Offshore Drilling

Posted by PerpetualParadise on Jul 31, 2008 - 01:29 AM

Reading the article Reality Check On Offshore Drilling reinforced known knowledge. Quoting parts of it:

  According to the federal government's own Department of Energy, drilling off America's coasts would not have a significant impact on domestic oil production or prices before 2030. And off-shore leasing wouldn't even begin before 2012.

Why? Because the leasing process is cumbersome. And currently, there aren't enough rigs or workers or refineries to handle more oil.

Why? Currently, there aren't enough rigs or workers or refineries to handle more oil.

U.C. Berkeley energy researcher Severin Borenstein says (offshore drilling) might drop pump prices as much as 25 cents a gallon in 10 years or more, but: "I think it is very unlikely that we will ever see oil prices that get us back to $2 a gallon or even $3 a gallon."
 

 It also seems that the article commentors cannot seems to read the line: Currently, there aren't enough rigs or workers or refineries to handle more oil.  I may not be the brightest guy in the world but I understand what  Currently, there aren't enough rigs or workers or refineries to handle more oil spells.



 

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 The martyr sacrifices themselves entirely in vain. Or rather not in vain; for they make the selfish more selfish, the lazy more lazy, the narrow narrower.
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