Last night, several of the talking heads on the usual shows we watch were bemoaning how stupid it is to drill for oil in locations too deep for problems to be easily and quickly solved. I agree, but we decided we didn’t want them drilling in the shallower and closer to shore locations, and we can’t have it both ways. Either they drill where they can safely and quickly solve problems on the ocean floor (and deal with the problems drilling closer in causes) or we have to take the risk that situations like the one we have right now might happen by drilling much, much further out at deep ocean depths.
As much as I’d like us to get off the oil teat, that isn’t going to happen overnight, and I can’t imagine Americans being willing to pay higher gas prices just to do the right thing. Everyone wants gas for their big gas hogs, don’t they?
Orb,
“big gas hogs”? Huh? What about those little gas eaters. There are more little gas eaters at the energy watering troff than big.
One thing I noticed the other time gas went over $4 a gallon, was that people cut back on driving, which was partially for the reason why gas prices dropped back to $1.65. The other reason was the speculators who were long, quickly went short, and probably caused a number of novice commodity players in the energy markets to lose their shirts.
You are a person who likes facts, so let me direct you to this site: http://www.wtrg.com/rotaryrigs.html :idea: