Companies begin quest for oil, gas off Fla. coast - Yahoo! News

This drilling is the results of a compromise from 1996. It has been available all this time but now that oil prices are sky rocketing, there is finally interest.

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Why do people gravitate to extremes? What makes the left attractive to some and the right attractive to others? From the middle you can see both sides well.

No its not that there is Finally Interest, it is that it is finally cost effective.

Yup. The Permian Basin is booming again !! Need a job ?

Oil Industry Booming in Texas' Permian Basin; Experienced Workers Wanted. | Knight Ridder/Tribune Business News | Find Articles at BNET

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"Some men eventually stumble over the truth but they usually pick themselves up and walk on as if nothing ever happened."
-Winston Churchill

"But though there is no difference in this respect between the best demagogue and the worst, both of them having to present their cases equally in terms of melodrama, there is all the difference in the world between the statesman who is humbugging the people into allowing him to do the will of God, in whatever disguise it may come to him, and one who is humbugging them into furthering his personal ambition and the commercial interests of the plutocrats who own the newspapers and support him on reciprocal terms."
-George Bernard Shaw

I guess that is both good and bad news....good for the oil guys and bad for us becasue oil is at this really high price that makes it profitable for them!!!

care

Well..

I guess we can all expect to see the prices at the pumps drop then right?

I'm not holding my breath, though.

The local economy will get a huge boost and be getting a share of the wealth that has been pouring into Opecs coffers. Of course you going to pay the same price at the pump but at least some of it will be gonig to Americans. Imagine this happening in all industries.

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"Some men eventually stumble over the truth but they usually pick themselves up and walk on as if nothing ever happened."
-Winston Churchill

"But though there is no difference in this respect between the best demagogue and the worst, both of them having to present their cases equally in terms of melodrama, there is all the difference in the world between the statesman who is humbugging the people into allowing him to do the will of God, in whatever disguise it may come to him, and one who is humbugging them into furthering his personal ambition and the commercial interests of the plutocrats who own the newspapers and support him on reciprocal terms."
-George Bernard Shaw

it is hard to imagine, how other industries in the united states would all have this same type of opportunity for growth due to huge price rises on to us?

it would be great if ALL industries had this opportunity, but not all of them are in an industry where their prices for their product doubled in retail price, and their customers still HAD TO CONTINUE to buy it, just for their livelyhood, just to survive.

But IF all industries could and did benefit in this imaginary scenario, it would be awesome because people would be working and making more money and would be able to afford the higher prices....but escentially just holding their own, really not making more money, but maintaining their same lifestyle....

BUT RIGHT NOW, this is not the case.

I do see your point on the oil people in Texas, it is awesome that they can get some of this "profit" instead of it all going to the Middle East.....none of this is their "fault", they have not caused the price rise....

Care

I am just wondering when they will start drilling for oil in school yards.

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Luminous Beings Are We.

I vote they dynomite your house. We could live off the Methane gas from your ass for years.

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The fact that an opinion has been widely held is no evidence whatever that it is not utterly absurd. Indeed in view of the silliness of the majority of mankind, a widespread belief is more likely to be foolish than sensible.

-Bertrand Russell

Facts are stubborn things, but statistics are more pliable

-Laurence J. Peters

I never said that you had no right to have an opinion. I just said that it was, in fact, worth nothing.

-Maineman ( on 12 June 2007)

Wow, a joke from a humorless old fart. Will wonders ever cease. I vote that they just kill anyone over 65 so we are not burdened by their stupidity.

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Luminous Beings Are We.

I am no where never 65, retard. And I suspect you would be all for that till you were 64. Usual leftoid crap, you would support anything right up until it effects you, then it is going to far.

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The fact that an opinion has been widely held is no evidence whatever that it is not utterly absurd. Indeed in view of the silliness of the majority of mankind, a widespread belief is more likely to be foolish than sensible.

-Bertrand Russell

Facts are stubborn things, but statistics are more pliable

-Laurence J. Peters

I never said that you had no right to have an opinion. I just said that it was, in fact, worth nothing.

-Maineman ( on 12 June 2007)

So putting words in my mouth fulfills what in your lame world? What makes you think I fear death? You are so stupid.

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Luminous Beings Are We.

Cuz only one of these companies is even American.

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“The only thing necessary for the triumph of evil is for good men to do nothing” - Edmund Burke

Yeah, cuz it's so much better that the money will be going to Australian, and a Dutch/British oil conglomerate. But hey, at least we have one rep in the group.

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“The only thing necessary for the triumph of evil is for good men to do nothing” - Edmund Burke