The discovery was made at the Davy Jones ultra-deep prospect located on South Marsh Island Block 230 in about 20 feet of water and 10 miles off the Louisiana coast...
Now that I know the location...it is MINE!!! ALL MINE!!!
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The discovery was made at the Davy Jones ultra-deep prospect located on South Marsh Island Block 230 in about 20 feet of water and 10 miles off the Louisiana coast...
What abysmal idiocy. Of cou8rse big oil would love to drill. Exxon etc now buy more oil than they produce if you think they woudn't love to turn that statistic around you ar either crazy or stupid or some combination of the two.
What abysmal idiocy. Of cou8rse big oil would love to drill. Exxon etc now buy more oil than they produce if you think they woudn't love to turn that statistic around you ar either crazy or stupid or some combination of the two.
they have investments in the way they are doing business now and are making good profits, why would they want to obtain cheaper oil closer to home? That will not raise the price of oil.
alaska and big oil (Exxon I think) were iin a legal battle last year in Alaska. Alaska was wanting oil drilled and exxon had been sitting on the leases for something like 20 years. Alaska wanted to give the leases to someone who would drill and exxon sued.
Gallons?The depost is estimated to be between from 4.6 to 9.3 billion gallons. This compares to the 4-10 billioin estimated to be in the ANWAR.
Barrels, more likely.
I realize many of you still labor under the delusion that "Fossil fuels" come from long dead dinosaurs, so first let's have a moment of silence for the billions of velicoraptors who died on that spot oh so long ago, then you can post how:
1. The find won't make a difference
2. The Find will melt the ice caps both on Earth and Mars and
3. It's ok if the Chinese drill here
Firms announce big oil find beneath shallow Gulf waters
By BRETT CLANTON HOUSTON CHRONICLE
Jan. 11, 2010, 12:50PM
McMoRan Exploration Co. today announced what it said could be one of the largest oil and natural gas discoveries in the shallow waters of the Gulf of Mexico in decades.
The discovery was made at the Davy Jones ultra-deep prospect located on South Marsh Island Block 230 in about 20 feet of water and 10 miles off the Louisiana coast, the New Orleans company and Energy XXI, one of its Houston partners in the project, said in statements this morning."
Firms announce big oil find in shallow Gulf | Energy | Chron.com - Houston Chronicle
Let's let them drill, put a big Sarah Palin style windfall profits tax on it, and then every American can get a big government check from it. Right around Christmas would be nice.
1 bbl = 50 gallons, just for those who maybe aren't aware.Gallons?The depost is estimated to be between from 4.6 to 9.3 billion gallons. This compares to the 4-10 billioin estimated to be in the ANWAR.
Barrels, more likely.
Your right it is barrels. Thanks
I realize many of you still labor under the delusion that "Fossil fuels" come from long dead dinosaurs, so first let's have a moment of silence for the billions of velicoraptors who died on that spot oh so long ago, then you can post how:
1. The find won't make a difference
2. The Find will melt the ice caps both on Earth and Mars and
3. It's ok if the Chinese drill here
Firms announce big oil find beneath shallow Gulf waters
By BRETT CLANTON HOUSTON CHRONICLE
Jan. 11, 2010, 12:50PM
McMoRan Exploration Co. today announced what it said could be one of the largest oil and natural gas discoveries in the shallow waters of the Gulf of Mexico in decades.
The discovery was made at the Davy Jones ultra-deep prospect located on South Marsh Island Block 230 in about 20 feet of water and 10 miles off the Louisiana coast, the New Orleans company and Energy XXI, one of its Houston partners in the project, said in statements this morning."
Firms announce big oil find in shallow Gulf | Energy | Chron.com - Houston Chronicle
Louisianians won't care about drilling off their coast. Now if the find had been off Palm Beach, Florida.....
Um, wasn't there one? Didn't Governor Jeb Bush nix drilling there?
Louisianians won't care about drilling off their coast. Now if the find had been off Palm Beach, Florida.....
Um, wasn't there one? Didn't Governor Jeb Bush nix drilling there?
Yes he did.
I think Jeb Bush was a very good Gov here in Florida but he was off base on this issue. Not sure if it was environmental issues or what.
I've heard that if you chop off a chicken's head, it will run around in circles. Hence, the phrase, "Running around in circles like a chicken with it's head cut off".
Reminds me of Republicans.
These people go on endlessly about "capitalism" and the "free market" and, in the very same sentence, will say Democrats want to stop drilling for "American oil" that will bring the cost of oil down "in America".
I seriously believe these people live in the "land of milk and cookies". A place untouched by reality.
Let me explain how it works.
Land is "leased" by oil companies from the government. If oil is discovered, it belongs to the oil companies. They take that oil and in a very, "free market" way, in a "capitalistic" style, they offer that oil to the world market where EVERYONE gets to bid on it. EVERYONE meaning China, India, Japan.....
Now if there is a "glut" and oil prices fall, they withhold that oil until the price go back up. That's capitalism. That's "supply and demand".
Can some Republican, somewhere, explain to me how finding oil "offshore" will bring down prices in this country? Please, explain that to me.
I've heard that if you chop off a chicken's head, it will run around in circles. Hence, the phrase, "Running around in circles like a chicken with it's head cut off".
Reminds me of Republicans.
These people go on endlessly about "capitalism" and the "free market" and, in the very same sentence, will say Democrats want to stop drilling for "American oil" that will bring the cost of oil down "in America".
I seriously believe these people live in the "land of milk and cookies". A place untouched by reality.
Let me explain how it works.
Land is "leased" by oil companies from the government. If oil is discovered, it belongs to the oil companies. They take that oil and in a very, "free market" way, in a "capitalistic" style, they offer that oil to the world market where EVERYONE gets to bid on it. EVERYONE meaning China, India, Japan.....
Now if there is a "glut" and oil prices fall, they withhold that oil until the price go back up. That's capitalism. That's "supply and demand".
Can some Republican, somewhere, explain to me how finding oil "offshore" will bring down prices in this country? Please, explain that to me.
Minus the actual facts, "Drill Here, Drill Now, Pay Less" makes a great campaign year bumper sticker and talk radio talking point.
Yes. We have oil off the coast of Florida but they won't drill for it. The Chinese are slant drilling for it now. This deposit runs from Latin America, the Caribbean and the Gulf coast of Florida. The depost is estimated to be between from 4.6 to 9.3 billion gallons. This compares to the 4-10 billioin estimated to be in the ANWAR.
Our leaders are morons.
Morons
Wait a minute....I thought it was only California that refuses to drill.
NOpe FL and the east coast as well.
big oil does not want to drill there though, just get leases locked up.
I've heard that if you chop off a chicken's head, it will run around in circles. Hence, the phrase, "Running around in circles like a chicken with it's head cut off".
Reminds me of Republicans.
These people go on endlessly about "capitalism" and the "free market" and, in the very same sentence, will say Democrats want to stop drilling for "American oil" that will bring the cost of oil down "in America".
I seriously believe these people live in the "land of milk and cookies". A place untouched by reality.
Let me explain how it works.
Land is "leased" by oil companies from the government. If oil is discovered, it belongs to the oil companies. They take that oil and in a very, "free market" way, in a "capitalistic" style, they offer that oil to the world market where EVERYONE gets to bid on it. EVERYONE meaning China, India, Japan.....
Now if there is a "glut" and oil prices fall, they withhold that oil until the price go back up. That's capitalism. That's "supply and demand".
Can some Republican, somewhere, explain to me how finding oil "offshore" will bring down prices in this country? Please, explain that to me.
Minus the actual facts, "Drill Here, Drill Now, Pay Less" makes a great campaign year bumper sticker and talk radio talking point.
It makes a great talking point until the facts are "explored". Then, as usual, Republicans say, "We don't want liberal BS". Code for "I have an index finger in each ear and I'm singing LA LA LA LA".
Why do Republicans refuse to face reality? And it's not just because "facts" have a liberal bias, they would rather believe the worst lie posible than accept the truth, which is usually far less "frightening".
Louisianians won't care about drilling off their coast. Now if the find had been off Palm Beach, Florida.....
Um, wasn't there one? Didn't Governor Jeb Bush nix drilling there?
Yes he did.
I think Jeb Bush was a very good Gov here in Florida but he was off base on this issue. Not sure if it was environmental issues or what.
The main reason it is cheaper to import usually (and it isn't at 150 a barrel) is because currently the first thing you have to hire to drill an oil well is four lawyers six environmental scientist and then if your lucky ten years from now you might get to put an actual hole in the ground.
I realize many of you still labor under the delusion that "Fossil fuels" come from long dead dinosaurs, so first let's have a moment of silence for the billions of velicoraptors who died on that spot oh so long ago, then you can post how:
.....<SNIP>...AND
4. We don't need no stinking jobs
5. We don't want no dirty energy