The Energy Killers article:

http://confederateyankee.mu.nu/archives/269764.php

Posted by: Matt at August 1, 2008 04:48 PM

Ya know something?

Ive been going through a program called troops2roughnecks. It is a class put on by the troops transition team.

Well we had our first class today, and I learned an interesting tidbit of information that the politicians seem to ignore.

Like any big business, oil and drilling companies do things with tactical intent. Back in the 70s and 80s the drilling companies drilled thousands and thousands of oil and natural gas wells off the coast of the US, then capped them. They do this because they, and everyone else, knows that business is an investment. So...

The Energy Killers article:

http://confederateyankee.mu.nu/archives/269764.php

Posted by: Matt at August 1, 2008 04:48 PM

Ya know something?

Ive been going through a program called troops2roughnecks. It is a class put on by the troops transition team.

Well we had our first class today, and I learned an interesting tidbit of information that the politicians seem to ignore.

Like any big business, oil and drilling companies do things with tactical intent. Back in the 70s and 80s the drilling companies drilled thousands and thousands of oil and natural gas wells off the coast of the US, then capped them. They do this because they, and everyone else, knows that business is an investment. So you drill and cap, then when market price rises you extract. That way you did a bulk of the work at a lower price. Then the ban was enacted, so these wells sat and were not exploited.

Now we are looking at the ban being lifted.

According to the instructor who has over thirty years of experience in the oil fields, and has worked in everything from a routabout to CEO claims that the oil (and these are proven wells) can be turned over to market within six months. SIX MONTHS!

According to him, there were over 3000 wells dug in the Gulf, around a thousand dug off the coast of California, and between 500 and a thousand dug off the east coast. He says that something like 90% of them were proven oil.

Posted by: Matt at August 1, 2008 04:48 PM

So is there someone in the oil industry who out there can confirm or deny what this guy told Matt on the record? Are there thousands of proven and capped oil and natural gas wells off our coasts that can be producing a flow of domestic energy in months, that Nancy Pelosi and our Democrat-led Congress are stone-walling?