Oil drilling in deepwater surges despite BP disaster - Jan. 11, 2011
As the article states, the U.S. long a pioneer in so many things has been the single largest producer of oil from deep water operations in the world. We currently produce over 1.5 million barrels a day in our deep water gulf operations and that is with no new permits allowed in nearly a year.
Our administration has a choice to allow us to continue to grow our economic position or to hamstring us back from "Pioneer to Pilgrim". We should be well beyond "Pilgrim" status. We know what our resources are and we know how to get to them and exploit them. We have long been "Pioneers" in so many areas of technology and here we are in the lead on global deep water production and we are about to slide backwards if we aren't careful.
That giant sucking sound you hear when you remove the gas cap from your empty fuel tank will simply be a symptom and nothing more than a blip compared to the vacuum of talent as engineers, geologists and other professionals export their talents to the producing fields around the world.
Tread lightly Obama? NO! Tread deeply! As in 500' or below to keep your country in business. The ponzi scheme of government jobs is soon going to fall apart without some tax revenue generating jobs to back it up. I once thought, "You can't export Oil & Gas production." I never considered that we would even think about quitting in this country.
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