You know, it’s so close to Florida, maybe someone could get Drill-Mistress Pelosi to ban it?
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Written By:
Billy Beck
URL:
http://www.two—four.net/weblog.php
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Hey, how is it that Cuba can start drilling and (presumably) recovering oil by the middle of next year, but it takes us ten years according to the democrats?
I guess communist regimes ARE more efficient! Makes me feel better about what we can expect come January.
/ sarc |
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The Eastern Gulf of Mexico (Florida) is still off limits until 2022 by a separate law still in effect. From what I have read, that area is part of our proven reserves because of exploration prior to the ban and Cuba is drilling in the jointly owned oil field; so those proven reserves will be given away.
It is 3% of the PROVEN oil world reserves that we have. That operable word has a huge meaning that the media/Democrats do not explain. The ESTIMATE of reserves, including all forms, shale, etc, and unexplored areas, is that we have over a trillion barrels. But until President Bush threatened to veto (according to the Speaker) the Continuing Resolution on the budget over oil drilling, the prohibited areas were not accessible for proving what the reserves are. The failure of the Democrats to continue the drilling ban has received very little media attention. Some areas such as off CA where drilling/exploration had been taking place prior to being placed off limits are included in the proven reserves of 3%.
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