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wcaseym (82.98)

Drill-shill beind exposed!

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July 21, 2008 – Comments (0)

The reality,[....] is far more complicated. Drilling in the now-restricted areas would require years of extensive seismic research before a single rig could operate. Even then, companies would not embark on such massive projects unless the profitability were clear. What's more, the federal Energy Information Administration estimates that access to new U.S. deposits would not significantly affect overall domestic production for 22 years.

There May Be Oil Offshore, But…

Oil and gas firms covet U.S. offshore reserves, but with oil prices so volatile it's unclear how much would be tapped—or where it would end up

http://www.businessweek.com/bwdaily/dnflash/content/jul2008/db20080718_965702.htm

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