High Oil, Gulf of Mexico

[rdlangston13]

I just heard on the news that the US government issued the first deep water drilling permit for the Gulf of Mexico this week since last spring! This is great news for me and good news for everything (especially those of us with gas guzzling boats).

I got a call yesterday from a co worker saying that I may be assigned to a drill ship in the gulf! Looks like I may finally be able to escape from Oklahoma and get back to normal life!

Drilling in the gulf will help keep the sky rocketing price of oil (Bush's fault) under control and will hopefully help a lot of my friends get their jobs back as well as allow me to be home more and enjoy the LSV!

[mapleleaf]

Good stuff, My fractional shares tell me there's not a lot of oil left in the ground in Louisiana!
Stay safe out there....

[wolfeman131]

Expected lower prices at the pumps is always welcome news.

I heard an interesting perspective from a sound talk-radio hose the other day in regards to the current gas prices. The Obama administration is HAPPY where gas is today and HOPES it will go higher so that their plans for highspeed rail will seem like the right way for our country to go. Only problem is that for most of the proposed highspeed lines, the travel time by car will actually be faster and, most likely, less costly until gas reaches something like $7/gallon.

[rdlangston13]

I have no doubt that they want higher fuel prices. The higher the price of fossil fuels the more they can push their "green" agenda. Anything they can do to shed bad publicity on the oil and coal companies the better. Makes sense for coal except they plan to replace coal with wind, water, and solar which is unrealalistic, especially since the same people who want these complain that the construction of these power sources "ruins the natural beauty of the landscape". We need to go nuclear for power, natural gas and oil for transportation until we can develop something that is realistically cheaper.

[bzubke1]

The thing that never makes sense to me about environmentalists is why they are so hell bent on not drilling for oil in america. The oil is gonna come out of the ground no matter what, and you know that we are going to do it in a much more envirnmentally friendly way then say, Saudi Arabia or Iran. So if they're really worried about the environment as a whole they should be pushing for more drilling in the U.S. Not to mention the fact that I don't believe Americans and our economy should have to be held hostage with high prices anytime there is unrest in the middle east.

[rdlangston13]

You bring a very good point brandon but the thing is these people do not care about the environment as a whole, they care about the little bubble in their immediate area. They want "clean" air to breathe and "pretty" landscape for them, no matter the cost to other people. They are extremely self absorbed people. And if this is not the case then I really cannot comprehend their logic. I somewhat understand selfishness since I get annoyed with paying taxes and then watching people covered in tattoos, wearing $100 dollar nikes, and texting on their iphone while buying their food with food stamps.

[jester]

It is good to hear they are going to open up drilling again. Also you have to love politician and environmentalist. Each of them have their own goal and you are wrong for not thinking how they think. It is kind of funny or sad depending on how you look at it but a few years back in Oregon a logging company was doing salvation logging after a forest fire and some environmentalist blocked the road. Then they decided to tip over the log trucks and set them on fire. Nothing like burning diesel in the morning to help the environment.

Also a maglev would be nice to have across the US but you have to have a good power setup and we have noticed on the east coast one power plant goes down that whole side of the US goes down.

[Canuckle Head]

Lets see if you can answer this question: Who is your largest foreign oil supplier?

[mapleleaf]

hint hint nudge nudge....

[jmvotto]

canadian Tar sands......