OT – Why can’t they stop the oil leak?

[briansd1]

fly, regulating agencies are there to promote healthy industries, as well as regulating those industries for public safety.

If the regulators were so beholden to the oil industry as you claim, then why is there even a need for the drill-baby-drill movement?

If oil drillers are in bed with regulators, then why are they complaining about restrictions to drilling? What is Palin talking about?

This oil gusher will result in more restrictions on drilling. Conservatives Southerners who see their own backyard destroyed by this oil gusher will think twice about supporting drill-baby-drill politicians.

[Arraya]

[quote=briansd1]

If oil drillers are in bed with regulators, then why are they complaining about restrictions to drilling? What is Palin talking about?
.[/quote]

Because they are insane. Pure and simple. The industry has had, not complete access, but not far from, for the longest time. Besides ANWR and a few other areas, we’ve sucked this continent dry. In the 50s we were the Saudi Arabia of the world.

Total restricted areas would yield about 1-2 million barrels a day within 5-10 years. I think the total is less than 20 billion recoverable. Which is mostly hard to get stuff. The world uses 30 billion bbls per year.

Keep in mind oil is a global market and would really only make a few people lots of money and would do very very little for overall price.

They seem to think the evil enviro-wackos are keeping them from oil that flows like rivers of honey under our feet.

[Arraya]

[quote=briansd1]

If oil drillers are in bed with regulators, then why are they complaining about restrictions to drilling? What is Palin talking about?
.[/quote]

Because they are insane. Pure and simple. The industry has had, not complete access, but not far from, for the longest time. Besides ANWR and a few other areas, we’ve sucked this continent dry. In the 50s we were the Saudi Arabia of the world.

Total restricted areas would yield about 1-2 million barrels a day within 5-10 years. I think the total is less than 20 billion recoverable. Which is mostly hard to get stuff. The world uses 30 billion bbls per year.

Keep in mind oil is a global market and would really only make a few people lots of money and would do very very little for overall price.

They seem to think the evil enviro-wackos are keeping them from oil that flows like rivers of honey under our feet.

[Arraya]

[quote=briansd1]

If oil drillers are in bed with regulators, then why are they complaining about restrictions to drilling? What is Palin talking about?
.[/quote]

Because they are insane. Pure and simple. The industry has had, not complete access, but not far from, for the longest time. Besides ANWR and a few other areas, we’ve sucked this continent dry. In the 50s we were the Saudi Arabia of the world.

Total restricted areas would yield about 1-2 million barrels a day within 5-10 years. I think the total is less than 20 billion recoverable. Which is mostly hard to get stuff. The world uses 30 billion bbls per year.

Keep in mind oil is a global market and would really only make a few people lots of money and would do very very little for overall price.

They seem to think the evil enviro-wackos are keeping them from oil that flows like rivers of honey under our feet.

[Arraya]

[quote=briansd1]

If oil drillers are in bed with regulators, then why are they complaining about restrictions to drilling? What is Palin talking about?
.[/quote]

Because they are insane. Pure and simple. The industry has had, not complete access, but not far from, for the longest time. Besides ANWR and a few other areas, we’ve sucked this continent dry. In the 50s we were the Saudi Arabia of the world.

Total restricted areas would yield about 1-2 million barrels a day within 5-10 years. I think the total is less than 20 billion recoverable. Which is mostly hard to get stuff. The world uses 30 billion bbls per year.

Keep in mind oil is a global market and would really only make a few people lots of money and would do very very little for overall price.

They seem to think the evil enviro-wackos are keeping them from oil that flows like rivers of honey under our feet.

[Arraya]

[quote=briansd1]

If oil drillers are in bed with regulators, then why are they complaining about restrictions to drilling? What is Palin talking about?
.[/quote]

Because they are insane. Pure and simple. The industry has had, not complete access, but not far from, for the longest time. Besides ANWR and a few other areas, we’ve sucked this continent dry. In the 50s we were the Saudi Arabia of the world.

Total restricted areas would yield about 1-2 million barrels a day within 5-10 years. I think the total is less than 20 billion recoverable. Which is mostly hard to get stuff. The world uses 30 billion bbls per year.

Keep in mind oil is a global market and would really only make a few people lots of money and would do very very little for overall price.

They seem to think the evil enviro-wackos are keeping them from oil that flows like rivers of honey under our feet.

[UCGal]

[quote=briansd1]If this continues, BP might go bankrupt. And the drill-baby-drill movement will be dead, even among conservative Southerners.[/quote]

Not much chance of BP going bankrupt…

http://www.bp.com/extendedgenericarticle.do?categoryId=2012968&contentId=7061409

BP’s first-quarter replacement cost profit was $5,598 million, compared with $2,387 million a year ago, an increase of 135%.

Currently there is a cap of $75Million on BP’s liability (likely to be changed by Congress)… I’d say they’re still pretty darn profitable.

[UCGal]

[quote=briansd1]If this continues, BP might go bankrupt. And the drill-baby-drill movement will be dead, even among conservative Southerners.[/quote]

Not much chance of BP going bankrupt…

http://www.bp.com/extendedgenericarticle.do?categoryId=2012968&contentId=7061409

BP’s first-quarter replacement cost profit was $5,598 million, compared with $2,387 million a year ago, an increase of 135%.

Currently there is a cap of $75Million on BP’s liability (likely to be changed by Congress)… I’d say they’re still pretty darn profitable.

[UCGal]

[quote=briansd1]If this continues, BP might go bankrupt. And the drill-baby-drill movement will be dead, even among conservative Southerners.[/quote]

Not much chance of BP going bankrupt…

http://www.bp.com/extendedgenericarticle.do?categoryId=2012968&contentId=7061409

BP’s first-quarter replacement cost profit was $5,598 million, compared with $2,387 million a year ago, an increase of 135%.

Currently there is a cap of $75Million on BP’s liability (likely to be changed by Congress)… I’d say they’re still pretty darn profitable.

[UCGal]

[quote=briansd1]If this continues, BP might go bankrupt. And the drill-baby-drill movement will be dead, even among conservative Southerners.[/quote]

Not much chance of BP going bankrupt…

http://www.bp.com/extendedgenericarticle.do?categoryId=2012968&contentId=7061409

BP’s first-quarter replacement cost profit was $5,598 million, compared with $2,387 million a year ago, an increase of 135%.

Currently there is a cap of $75Million on BP’s liability (likely to be changed by Congress)… I’d say they’re still pretty darn profitable.

[UCGal]

[quote=briansd1]If this continues, BP might go bankrupt. And the drill-baby-drill movement will be dead, even among conservative Southerners.[/quote]

Not much chance of BP going bankrupt…

http://www.bp.com/extendedgenericarticle.do?categoryId=2012968&contentId=7061409

BP’s first-quarter replacement cost profit was $5,598 million, compared with $2,387 million a year ago, an increase of 135%.

Currently there is a cap of $75Million on BP’s liability (likely to be changed by Congress)… I’d say they’re still pretty darn profitable.

[all]

I like how the government (federal, none the less) is being asked to step in and take over the containment efforts. Since it is not a defense issue I say let the free market take care of this. BP can always call Harry Stamper.

[all]

I like how the government (federal, none the less) is being asked to step in and take over the containment efforts. Since it is not a defense issue I say let the free market take care of this. BP can always call Harry Stamper.

[all]

I like how the government (federal, none the less) is being asked to step in and take over the containment efforts. Since it is not a defense issue I say let the free market take care of this. BP can always call Harry Stamper.

[all]

I like how the government (federal, none the less) is being asked to step in and take over the containment efforts. Since it is not a defense issue I say let the free market take care of this. BP can always call Harry Stamper.

[Author]

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