Drilling Moratorium

[Hammer58]

_ Nope sure didn't...Just call me CNN... _

Don't dispair. Not reading the article makes you eminently qualified to serve in congress where they don't read bills before voting on them or in the Obama adminstration as Attorney General, Homeland Security Secretary, etc where they don't read laws before commenting on them either.

[Just1More]

_ First part: Genius, I will quote you later and act like I made it up so people will think I'm smart.

Second part: Not so much, equating this to a forest fire is very simplistic. I should be divided into to main approaches, stopping the well and cleanup. BP should be out of the way on the cleanup with the military or whoever getting it done and sending the bill to BP. Stopping the well is different, it is like the surface of the moon 5000' below, and the only people with the expertise are large oil companies (and certainly not the government). Everything they have done has been a progression and they have learned from every problem. _

I am not advocating that the federal government (expertise-wise) solve the "forest fire". Actually, it should have been separated immediately into three distinct objectives: 1) Barrier and Cleanup 2) Capping the leak, and 3) Investigation of responsibility... by the federal and state authorities cooperatively. They immediately blurred the objectives.

BP is not alone in deepwater technology. I am certain they had an immediate desire to cap the leak and contain the spill, but they also were attempting to limit the cost. That is where my analogy to a forest fire comes in. If the campfire was started by a firefighter in a forest of trees with winds that blow the water hose right out of his hand... I do not stand there yelling in his ear that he is to blame, he is going to pay for all of this damage, and to both barricade the towns and cities within 100 miles of the fire while he tries to put the fire out. Although he may have a serious reason to limit the fire damage... he is still going to use his own fire hose and not necessarily call in the entire worldwide fire brigade. That call needed to be made by our federal government. And saying that you did that after 40 days into a disaster... is unacceptable.

[Tripple Threat]

_ Don't dispair. Not reading the article makes you eminently qualified to serve in congress where they don't read bills before voting on them or in the Obama adminstration as Attorney General, Homeland Security Secretary, etc where they don't read laws before commenting on them either. _

I'm actually pretty embarrassed, I'm usually more thorough than that. I had heard the same information shared on one of the 24hr news channels and just went with the lead information...The article slaps the initial implication in the face with a cleanup at the end. I was a perfect example of getting caught up in the sensationalism..._____e! Thanks to Geo for calling me out...

[Just1More]

_ I hope that is an original quote of yours as I have laughed myself silly this morning over your windshield . Awesome. _

It's all mine... many times to my discredit. Glad to make you laugh.

[geo_cajun]

_

I'm actually pretty embarrassed, I'm usually more thorough than that. I had heard the same information shared on one of the 24hr news channels and just went with the lead information...The article slaps the initial implication in the face with a cleanup at the end. I was a perfect example of getting caught up in the sensationalism..._____e! Thanks to Geo for calling me out... _

Not to worry, you just practiced better investigative journalism than most media outlets in the country. And you are right, the whole tone of the article is made null by the closing caveat.

[Boomer]

_ Not to worry, you just practiced better investigative journalism than most media outlets in the country. And you are right, the whole tone of the article is made null by the closing caveat. _

I think that we are about to witness the opposite of supply side economics----We will see the trickle down of lost jobs-----now I need you oilers help ----BUT I have been told about the # of companies that are involved in a deep water well and if one loses out the next will follow and even to the food chain like in caterers to the rig and who brings them out---How bad could this be?????

[geo_cajun]

_ I think that we are about to witness the opposite of supply side economics----We will see the trickle down of lost jobs-----now I need you oilers help ----BUT I have been told about the # of companies that are involved in a deep water well and if one loses out the next will follow and even to the food chain like in caterers to the rig and who brings them out---How bad could this be????? _

They just stopped all active and future drilling in 500+ feet of water, which will shut down 33 active rigs. Effectively cutting the amount of active rigs by 48%

Helicopter rides will be cut by half to drilling rigs
catering companies, food suppliers
hose suppliers
drill pipe companies
hot shot boat companies
mud loggers/engineers
many direct jobs on rigs
many indirect jobs
philanthropic giving to charity will decrease

The trickle down effect might be impossible to accurately quantify. After all, who buys all that seafood, people with other jobs, and a main employer is the petroleum industry. Without the petroleum industry acadiana, Louisiana, and the region will suffer mightily.

[shof]

Now this might be a silly question; but what is the U.S. governments "reach" into dictating drilling in the GOM (or anywhere else). Isn't it international water after about 12 miles or so? Can the government regulate what is happening beyond that distance?

[Hammer58]

_ They just stopped all active and future drilling in 500+ feet of water, which will shut down 33 active rigs. Effectively cutting the amount of active rigs by 48%

Helicopter rides will be cut by half to drilling rigs
catering companies, food suppliers
hose suppliers
drill pipe companies
hot shot boat companies
mud loggers/engineers
many direct jobs on rigs
many indirect jobs
philanthropic giving to charity will decrease

The trickle down effect might be impossible to accurately quantify. After all, who buys all that seafood, people with other jobs, and a main employer is the petroleum industry. Without the petroleum industry acadiana, Louisiana, and the region will suffer mightily. _

They just changed it to shut down ALL drilling in the Gulf regardless of waqter depth.

http://www.nola.com/news/gulf-oil-sp...lts_new_d.html

[Louisiana84]

The Obama administration's hit parade continues...

[Tripple Threat]

I'm not on the drilling side, but I am on the production side (chemistry). My infkormation on the drilling aspect is minimal, but I have been told some things about the concerns with the (BOP) Blow Out Preventor. I hope the decision making takes the following into account...

BOP's can be subsurface (on the platform) at up to 1200 feet. At issue here is the wells in which you need a subsea BOP stack. Any subsea well will need a BOP. A well drilled via a platform will only require a surface BOP since the tree will be on the surface.

Why stop drilling up to 500 ft? I understand the concern and the involvement of the government, but these knee jerk reactions need to be better thought out...

The majority of the major companies are going deepwater. Chevron, BP, Devon, and some smaller oil companies were pulling out of the GOM according to my last briefing. It's becoming to costly to produce a smaller amount of oil...A lot the platforms I've serviced are producing up to 40% water, which means that the wells are producing less oil. I'm worried about the future costing of producing and how that will affect everything that is derived from the oil. I don't remember the expected life expectancy of shelf production, but it's in our lifetime. Maybe Geo might have that info...

Increasing the taxation, lifting the credit given to oil companys, and putting a moratorium on drilling is going to make things more difficult to rely on ourselves for oil. Obama wants to stop relying on foreign oil and focus on new energy, cool, but our reliance on foreign oil is going to increase at this rate...

We shall see...

[Tripple Threat]

_ They just changed it to shut down ALL drilling in the Gulf regardless of waqter depth.

http://www.nola.com/news/gulf-oil-sp...lts_new_d.html

_

Tallk about an exaggerated reaction...