So.........is ANYONE going to talk about the recent OIL FIND??

[RoadToad]

Exxon just found nearly a BILLION barrels of oil in the gulf......is ANYONE going to talk about that??

BP spilled THAT much??

[kygorski]

So theres ooooooodles of it in the dakotas and canada also, BUT who is going to drill for it?Theres also an enourmous amount of natural gas here, why isn't it being exploited? The answer. The fleece enterprise system.

[bassin_bug]

From Exxon's past record, and the blessings of many politicians, I don't think we will hear much about the oil discovery until Exxon is drilling at full bore. I do know of a couple of companies that have been awarded contracts to build platforms in the Gulf. I hope the refineries that were damaged by hurricane Katrina are being repaired and more built because there is no use in exploring for oil if there isn't a way to refine it. A shortage of refineries and an abundance of wackos is what's crippling oil production in the US. jmo

[Tim_T]

My question is how much of that oil will be drilled here and shipped overseas? Another question: how much will this drop the prices at the pumps?

[artcarney_agr]

Theres also an enourmous amount of natural gas here, why isn't it being exploited? The answer. The fleece enterprise system.

Not quite. More of it has to do with the "green movement" than anything. There are arguments for it and against it. When you have two bulls with locked horns, nothing gets done...which is what's going on now.

http://en.wikipedia.org/wiki/Shale_gas
http://www.energybulletin.net/storie...nger-after-all
http://geology.com/articles/marcellus-shale.shtml
http://naturalgas.org/environment/naturalgas.asp