So the news is that the present administration has approved a deepwater drilling project in the Gulf of Mexico, the first permit approved since the ban was lifted in October last year. The good news is that the project does not have to comply with new strict regulations that are being imposed on the new projects waiting for approval.
What?
The NEW project doesn't have to abide by the rules of NEW projects?
NO!!!
This is not a new project!
Noble Energy was already doing this work and they were forced to stop when the current administration jerked a knee and put our economy against the ropes with OPEC in the opposing corner.
Don't get me wrong it's great that this project is resumed and it will bring a few needed jobs; maybe. It will bring some more oil to the surface; eventually; maybe.
Just don't go running around saying that The White House is doing us any favors because they honestly have yet to approve a real new project to create real private jobs and a real organic boost to the economy.
I'll say it again. Drill deep! Drill now! Take action to relieve our dependency on foreign oil AND work on new energy initiatives to augment our hydrocarbon consumption requirements.
As I type this there is a project waiting for a green light in the Gulf of Mexico that would be a true boost. The largest offshore wind generating project in the world would be off the coast of Houston and already underway if the action matched the rhetoric from our current administration.
We need all of the energy sources running in order to power our wireless blogging efforts from the local coffee shop.
It is nice to know that something is moving again today that wasn't two days ago though.
Oil and Gas News | Lousiana Oil and Gas Association
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