Quote:
Originally Posted by jon1856
Brother;
You may have missed it either in this thread or another gas related one.
It would be kind of difficult to start looking for and drilling for oil off shore with out the deep sea boats used for that correct?!
Well, unless I heard incorrectly, those that do currently exist are fully committed and in use.
Rest are somewhere between design work and shipyards in China.
Add to that no up updates, expansion or new building of refineries and that is where the time frame comes into play.
Along with the fact, as I know it or understand it, that even if product is drilled off US shoreline, it could go anywhere.
Which then adds into mix problems with distribution and use by other counties.
Unlike wind or solar power.
|
I don't deal at all with off-shore drilling so I can't really comment on any of that.
Sure, there is a time frame associated with when oil would make a noticeable impact due to the lack of refineries. That doesn't mean that opening up drilling and immediately producing oil won't affect the speculation markets.....which, as you probably know, is a huge determinant of oil and gas prices. I mean, Bush did nothing more than lift the ban of offshore drilling and oil fell 6$.
Oil and natural gas that is produced can go anywhere, yes. I can't imagine that would take place considering we import 75% of our energy. That all depends on who is doing the drilling, who has pipeline contracts, where the product is flowing to via pipelines, gas marketers, etc. etc. etc.