Wednesday, September 13, 2006

Getting up oily the next morning

And while we're on the subject of oil, let's share some more good news which you've probably already heard.

Chevron oil find in Gulf of Mexico a 'breakthrough'

"Experts predict that Chevron's successful test drill of its Walker Ridge Block 5.3 miles below the deep Gulf waters could lead to 750,000 barrels of new daily U.S. crude oil production within six years. That's equal to about 15 percent of last week's U.S. oil production of 5.03 million barrels per day."


So not only will we not run out of oil, but we'll be less dependant on those Middle-East oil moguls who have Vegas hotels for summer condos.

Hasn't hurt gas prices lately either. It's been weeks since we've seen articles about "pain at the pump." Last I checked, gas was $2.11 a gallon at its cheapest where I live. (Log on to Gasbuddy.com to find the cheapest in your area, and report lower prices if you've seen them, and pass the favor along!)

I also have to wonder what happened with the last big oil find? Let me refresh your memory.

Study reveals huge U.S. oil-shale field
The United States has an oil reserve at least three times that of Saudi Arabia locked in oil-shale deposits beneath federal land in Colorado, Utah and Wyoming, according to a study released yesterday.

But the researchers at the RAND think tank caution the federal government to go carefully, balancing the environmental and economic impacts with development pressure to prevent an oil-shale bust later.

"We've got more oil in this very compact area than the entire Middle East," said James Bartis, RAND senior policy researcher and the report's lead author. He added, "If we go faster, there's a good chance we're going to end up at a dead end."


That should help a little more too.

And let's not forget about all the oil we can tap in ANWR, if stubborn liberals and spineless Republicans would let us. Congress is closing all the doors and windows with regulation, and then complaining about how stuffy it is in here. Hey genius(s), peel that regulation red tape off the windows and let's get some air in here.

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