No oil,,, what will you do?

[anuthervoice]

no oil?
damn....
I'll just plug my car into one of those nice green electrical outlets made by G.E.

We have oil, companies are constantly improving drilling techniques.

Kills me when someone assumes to know how much oil/shale/n.gas is under the dirt.....cuz ya don't.

 

[uscitizen]

The Saudi's oil reserves may be down but Nigerias oil output is going up.

 

[Mr. H.]

The Saudi's oil reserves may be down but Nigerias oil output is going up.

Even west Africa is looking good these days. Unlike the U.S. Gulf O' Mehico:

RIGZONE - West Africa Thrives as GOM Dives

But not to worry. We will WIN THE FUTURE!

The Future's so bright, Obama has us wearing shades.

 

[JamesInFlorida]

We have maybe 10% of our oil needs in this country.

And that's a reason to not extract it?

I think allowing oil drilling should be left up to the states. Here in Florida if we allowed oil drilling, it would severely affect our economy negatively. We thrive off of tourism, and sales tax from tourists. Add a few oil drilling spots off of our beaches and guess what happens to the number of tourists who visit?

Our economy goes into the toilet and quick. I don't think we need a federal ban on drilling-but if a state doesn't want it-then no the fed. gov. should not be able to force states to allow it. Plus nowhere in the constitution does it allow the federal government to step in a permit off-shore where it sees fit.

 

[waltky]

Look for gas prices to go up at the pump...

Somali pirates capture supertanker, $150M of oil
9 Feb.`11 — Somali pirates captured a Greek-flagged supertanker carrying an estimated $150 million worth of oil to the Gulf of Mexico, the second successful attack against an oil tanker by sea bandits in two days, officials said.

Such vessels can command higher ransoms because of the value of the crude on board. Owners of the oil may want to resolve hostage situations quickly, particularly if oil prices are dropping, a situation that can cost owners millions of dollars more than the pirate ransom will. Still, ransom prices are on the rise. One last year reached $9.5 million, and the increasing prizes have provided even more incentive for pirates to launch attacks despite stepped-up patrols by an international flotilla of warships. Pirates hold 29 ships and roughly 660 hostages.

The Irene SL was sailing 200 nautical miles east of Oman with a cargo of 266,000 tons of crude oil and a crew of seven Greeks, 17 Filipinos and one Georgian when it was attacked on Wednesday, the ministry said. The Associated Press estimated the value of the oil at more than $150 million, based on the amount being carried and a price of $87 a barrel. The tanker was sailing from the Persian Gulf to the Gulf of Mexico. The ministry said authorities had lost contact with the ship since the attack.

The Piraeus-based shipping company First Navigation Special Maritime Enterprises confirmed its ship had been attacked but had no further comment. The Irene SL was the second oil tanker to be attacked in that region in two days. On Tuesday, Somali pirates firing small arms and rocket-propelled grenades hijacked an Italian-flagged oil tanker in the Indian Ocean that had been heading from Sudan to Malaysia.

Meanwhile, South Korea's foreign ministry said pirates on Wednesday released a South Korean fishing vessel that was captured nearly four months ago while fishing for crabs. The ministry said 39 Kenyans, two South Koreans and two Chinese sailors were aboard the Keummi 305. The ship was last reported sailing away from Somalia toward international waters. A vessel from the EU Naval Force was sailing toward the ship to secure the safety of sailors at the request of a South Korean navy vessel, the ministry said. The 241-ton Kenya-registered trawler was attacked Oct. 9 in the waters off Kenya's Lamu Island.

No information about a ransom was reported, but pirates only release ships after being paid. British Royal Navy Lt. Cmdr. Susie Thomson, a spokeswoman for the multinational Task Force 152 based in Bahrain, said that pirates have been waging attacks increasingly deeper into the Gulf of Oman and the Indian Ocean. Pirates have launched attacks more than 1,000 miles east of Somalia.

Source