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Drill Baby!


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CNN) -- In a move that could help win Republican support for other energy initiatives, President Obama will announce plans Wednesday to open large sections of the eastern Gulf of Mexico and an area off the Virginia coast for oil and natural gas drilling.

 

"To set America on a path to energy independence, the president believes we must leverage our diverse domestic resources by pursuing a comprehensive energy strategy," said a statement provided by an administration official, who did not want to comment on the record ahead of the president's announcement.

 

"The president will announce today additional measures that will boost domestic energy production and promote clean energy innovation," the statement said.

 

The GOP has long championed additional domestic drilling to lessen America's dependence on outside energy sources. And while the plan could help win Republican support for other White House initiatives, it won't find many fans among environmentalists.

 

The president will introduce the measures during an address at Joint Base Andrews Naval Air Facility late Wednesday morning. He will be joined at the event by the secretaries of the interior, energy and the Navy, as well as the chairwoman of the White House Council on Environmental Quality.

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I cautiously applaud Obama on this decision. Cautiously because I'm not sure what type of restriction the EPA are going to put on this and how it is going to effect the cost effectiveness of the proposition. Assuming no new burdensome regulation is added (which would make this decision nothing more then political grandstanding) it is one of the few good moves by this administration.

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As a guy who actually drills for oil, I'm extremely surprised that it took this long to mobilize drilling in that area. As far as the quality of the oil found in that area, you won't find much better. And the reservoir quality is also top notch.

 

Why does it seem like the only areas you guys seem to drill in (as far as your own backyard goes) are the extremely difficult and cost/methodology sensitive shale gas areas in colorado etc.?

 

No brainer as far as I'm concerned.

 

 

Disclaimer: I do not follow American politics and have no opinion either way. My views are strictly from an oil and gas producer perspective.

Edited by Tford
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Until you realize that the GOP must either grit their teeth and applaud it or find a reason to disagree. Either way they'll hate it. Politically it's very clever.

I recognize the political cleverness of the move, I'm just sick and tired of things being done for political advantage instead of doing the right thing. Every dollar being spent on drilling should be split in half and half spent on new technology research and the other half spent on dragging every last drop of oil out of the Middle Easter ground. We should be pulling a card out of Reagan's hand and trying to bankrupt those m'fers just as quickly as we can. Make our strategic oil reserves 10 times the size it is now and buy every bit of oil that we can. All of those societies, including Iraq, are fractured bits and pieces of capitalism shot through with feudal and tribal governments and values governed by archaic laws and customs. There is no way their economies do not collapse when the oil runs out.

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I recognize the political cleverness of the move, I'm just sick and tired of things being done for political advantage instead of doing the right thing. Every dollar being spent on drilling should be split in half and half spent on new technology research and the other half spent on dragging every last drop of oil out of the Middle Easter ground. We should be pulling a card out of Reagan's hand and trying to bankrupt those m'fers just as quickly as we can. Make our strategic oil reserves 10 times the size it is now and buy every bit of oil that we can. All of those societies, including Iraq, are fractured bits and pieces of capitalism shot through with feudal and tribal governments and values governed by archaic laws and customs. There is no way their economies do not collapse when the oil runs out.

Increasing oil imports in order to bankrupt the Middle East wouldn't fly, it would just drive up the price of oil in the short term.

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Until you realize that the GOP must either grit their teeth and applaud it or find a reason to disagree. Either way they'll hate it. Politically it's very clever.

It's not clever, it makes sense.... that is what is throwing the 'right' off. And I don't think they'll hate it unless it is used as leverage for some other socialistic program.

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It's not clever, it makes sense.... that is what is throwing the 'right' off. And I don't think they'll hate it unless it is used as leverage for some other socialistic program.

 

Believe, like anything else he does they'll find a way. He could outlaw abortion and they'd find a way to hate it.

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It's not clever, it makes sense.... that is what is throwing the 'right' off. And I don't think they'll hate it unless it is used as leverage for some other socialistic program.

 

Well, he is already getting criticized from McConnel and Boenher for not proposing more drilling, which is laughable considering what the congressional and executive makeup was like a few years ago. Everything he does will get criticized by Repubs in a desperately stupid attempt that in the end, is only going to appease the people who would never support Obama no matter. It's a pitiful joke.

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Well, he is already getting criticized from McConnel and Boenher for not proposing more drilling, which is laughable considering what the congressional and executive makeup was like a few years ago. Everything he does will get criticized by Repubs in a desperately stupid attempt that in the end, is only going to appease the people who would never support Obama no matter. It's a pitiful joke.

Criticism runs the same both ways. I don't give a s#$%!

 

This is a great move and should've been done decades ago. If they can actually pump enough to even worry the middle east at all, it will be a huge plus!

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care to elaborate?

 

Because he canceled oil and gas leases that was okayed by the Bush administration... And also 4 lease sales in Alaska that would have provided oil within 2 years...

 

http://articles.sfgate.com/2009-02-05/news...ion-natural-gas

 

http://blog.heritage.org/2010/04/01/mornin...rgy-shell-game/

 

And "exploration" is not the same thing as "drilling"...

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And "exploration" is not the same thing as "drilling"...

 

Did u read the summary?

 

In a move that could help win Republican support for other energy initiatives, President Obama will announce plans Wednesday to open large sections of the eastern Gulf of Mexico and an area off the Virginia coast for oil and natural gas drilling.
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I recognize the political cleverness of the move, I'm just sick and tired of things being done for political advantage instead of doing the right thing. Every dollar being spent on drilling should be split in half and half spent on new technology research and the other half spent on dragging every last drop of oil out of the Middle Easter ground. We should be pulling a card out of Reagan's hand and trying to bankrupt those m'fers just as quickly as we can. Make our strategic oil reserves 10 times the size it is now and buy every bit of oil that we can. All of those societies, including Iraq, are fractured bits and pieces of capitalism shot through with feudal and tribal governments and values governed by archaic laws and customs. There is no way their economies do not collapse when the oil runs out.

 

Interesting idea.

 

Heck, maybe China would bankroll it if we'd pledge it as collateral to our perpetually growing federal deficit.

 

:wacko:

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