Offshore Drilling

Can't get link to work so google The Ed show gulf coast and see what a disaster offshore drilling can be and how simply deuchie BP is. spill baby spill

 

www.bcaoilspillclients.com/bca_on_tv?id=41

BP should change their name to BS. What hosebags!

 

I kinda like cheers, but I do get your point. And I invest in oil stocks and married a french canadienne, so...go barf my friend!! Barf away!!

 

Thanks Doc. The "squeeze", Russia, Saudis, and Iran kinda round out my top influences on the economics of oil. The Core OPECs are not sweating this but the others on the periphery (Venezuela etc) are as you mention.

IMO...if we are talking in cost per bbls, the peak oil price will be when the last barrel is sold. Then there will be another peak oil price/record highs beyond that on the secondary market (which actually exists today). It seems the only way demand and price will go down (and never return to higher highs) is with an alternative. Otherwise, with inflation and the world population exploding, expect record highs to persist.

Last ? for Doc...if the resource is so limited off the Atlantic Coast, why would the oil industry post up rigs/capital there? Maybe to exploit every last drop??? thanks

 

That is what I don't get. Why are they even considering drilling off the Atlantic Coast for such a limited supply where there could be catastrophic consequences. I would think a pipeline or other options are more feasible and lucrative.

 

Let us go back to my comment that politics plays a role. The east coast of the USA has been forbidden for exploration since the 1960's. Purely a political decision. The oil industry had many other places to explore so they went else where. The recent opening of exploration rights on a small portion of the east coast was a result of lobbying by senators from Virginia, Carolina`s, and Georgia. Actual drilling rigs will most likely not show up untill 2020, if ever. The "if ever" comment speaks to your "exploit every last drop???" comment. The feds will let the bidders for the rights, look at the potential in the area. "Look" means NO invasive procedures. Marine surveys, seafloor bottom surveys, and seismic surveys. At that point they will consider all the potential finds and decide.

At the simplest level, the feds have pulled the curtain back and are willing to let the oil companies "LOOK" for new oil reserves. The drilling comes much later. After much public review.

Rocdoc

 

Rocdoc not being nitpicky, but do seismic surveys include the sonics cannons? I mean, I'd consider that invasive.

 

See my recent post. The feds are NOT "considering drilling off the east coast". They have opened "exploration", non-invasive in nature. Marine surveys, seafloor bottom surveys, and seismic surveys. Drilling will not happen until extensive public hearings.

Rocdoc

 

Sonic Cannons ? Most marine seismic surveys emit less energy (sonically) than a submarine's sonic search. California has studied submarine sonic emissions effect on whales and decided it does not cause any material effect to the whales.

Rocdoc

 

i gotta agree, the sonic surveys will decimate marine mammal populations, sound travels so far and so fast underwater, it is lethal to organisms that breathe air due to rectified diffusion

 

Okay, don't believe me. How about National Geographic and the EPA ?

Atlantic Seismic Tests for Oil: Marine Animals at Risk?
U.S. environmental review paves the way for first air-gun surveys in 26 years off the East Coast.

The final Environmental Impact Statement (EIS), released Thursday by the U.S. Department of Interior’s Bureau of Ocean Energy Management (BOEM), outlines measures for minimizing the impact on wildlife that are especially sensitive to the intense sound impulses used to prospect for energy resources beneath the seafloor. (See related, “Study: Planning Can Protect Whales in Seismic Surveys.”)

reference
http://news.nationalgeographic.com/news/energy/2014/02/140228-atlantic-seismic-whales-mammals/

 

so, those studies are hypothetical proposals, lets see what happens when the rubber meets the road

and rocodc, this frrom your article: The EIS concludes that there would be “minor to negligible” impact to most wildlife, with the exception of marine mammals and turtles, for which impact could be “moderate.” The review estimates that about 138,000 marine animals could be injured in some way, and perhaps 13.6 million could have their migration, feeding, or other behavioral patterns disrupted by the seismic surveys

at least it wasnt like this guy: http://www.pressofatlanticcity.com/...cle_2b11adf6-b880-11e4-b201-f75471fbd560.html

 

referring to seismic testing as 'minimally invasive' is, at the least, socially irrresponsible.
our species is arrogant; look at the mess in japan.
you say go ahead - everything is gonna be alrite - but accumulated evidence - such as deepwater-horizon - speaks
volumes about the issue that humans need to calm down and think things through.

 

[Rep. Markey, D-MA]. In the first 3 months of this year, Exxon-Mobil made $10 billion off of the American consumer; Shell made $8 billion; BP made $7 billion. So what are these companies asking for? These companies are now asking that we open up the beaches of California, Florida & New England to drill for oil. People who live near those beaches don't want oil coming in the way it did in the Gulf of Mexico. Right now, those oil companies are centered down in the Gulf of Mexico. People are concerned because those companies have blocked any new safety reforms that would protect against another catastrophic spill. We have to oppose this bill because, first of all, they already have 60 million acres of American land that they haven't drilled on yet, which has about 11 billion barrels of oil underneath it and an equivalent amount of natural gas. This bill is just a giveaway to Exxon-Mobil and Shell.

Scott says, "Scott (R-SC)"

Reference: Reversing Pres. Obama's Offshore Moratorium Act; Bill H.1231 ; vote number 11-HV320 on May 12, 2011

 

darn good point. why must it be done simply for their interests?
its like the peoples' wishes just don't belong there.
which, of course, they do.

 

It's like thinking that the general public really have a say in passing legislation. Companies control government now with all their lobbyists, donations and bribes. We will get our petition signed by millions of people and they will still allow drilling. The voice of the people is ignored these days.

If another spill happens, law should require the CEO and board of directors of that oil company to assist in the cleanup and swim in the chemicals used to clean it up. I'm sure that would deter some companies from drilling offshore.

I do know offshore drilling is approved, Barry will start buying stock in corexit.

 

about barrycuda; i don't think he's as rotten as he seems. idk; just instinct.

also, about "public forums" prior to approval.....i think they are a reuse.
i want to go and vent and say wtf....but i think the $$ guys are already there and ahead of me and nodding
their heads like they understand me...like they gaf....which they don't.

i don't think they care about me. or stewardship. galling.

 

i've reduced my consumption of plastic bags, I use the water cooler at work, I have gone weeks without washing my jeans, and instead of overpaying for a cup of java with paper/plastic cup/lid, i wait untill i get to work to drink the crappy communitee pot. I have only one boadbag from 1993 that my mother gave me for Christmas and it and the zipper on it still work as good as the day she gave it to me. I drive a compact car that gets over 34 mpg. May I have a pass please?

 

Seismic testing has been proven by the International Whaling Commission to be responsible for the death of over 100 melon-headed whales off Madigascar. It has also been linked to the death of 900 dolphins in Peru and strandings in New Zealand and the UK as well.

The oil companies have consistently denied the connection between seismic testing and marine mammal deaths. The same way they denied lead was harmful in car exhausts and CO2 emissions are linked to global climate change.

Also, the Environmental Impact Study you reference was produced by the Bureau of Ocean Energy Management (BOEM), not the EPA. The BOEM has a very close relationship with energy companies and still estimated in its report that over 138,000 marine mammals would be impacted by seismic testing and many would probably die. They somehow found this impact to be "marginal" though which is almost criminal.