T&T: Cheaper offshore oil

[Truelove39 at aol.com]

Larry, I believe you. But, I wonder why we cannot respond in timely  fashion?
 
When we entered WWII, production of military equipment was quick to be  
implemented. This is important enough that *with a good leader* we should be  able 
to bypass all the regulatory crap and get drilling happening and refineries  
built. And how about some nuke plants and wind, too? I'm tired of black streaks 
 on my boat!
 
Regards,
 
John
"Seahorse"

> Don't hold your breath waiting for cheap oil from offshore  drilling. The 
US 
Energy Department's Energy Information Administration, in  its Annual Energy 
Outlook Report considered the likely effects of allowing  the existing 
congressional and executive moratoriums on certain offshore  drilling to 
expire in 2012. 
It stated that the projections for drilling in  the Pacific, Atlantic, and 
eastern Gulf Outer Continental Shelf would not  have a significant impact on 
domestic crude oil and natural gas production  or prices before 2030. Leasing 
would 
begin no sooner than 2012, and  production would not be expected to start 
before 
2017.

I'm not making  this stuff up. It is in the official report. Even if drilling 
began  tomorrow, the first barrel of oil wouldn't arrive until 2012 or 2013. 
Just  in time for the next presidential election. 

Diesel is now about $5.50 a  gallon at some Hudson River marinas. Thank God  
my 
Willard has sails. It has mediocre sailing ability but still can move  
through 
the water (slowly) without fuel.

Larry Z






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