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Strategies & Market Trends : Guidance and Visibility

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Jan 9 9:30 AM EST

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To: lexi2004 who wrote (175604)	7/2/2008 2:48:55 PM
From: Dave54	Read Replies (1) of 208838

O.T. Hi Lexi, Saw your discussion on offshore drilling and your concerns on another board. I was having this same discussion last weekend, so I thought I would share with you some findings I dug up, the following is a C&P of my post: Actually drilling rarely results in oil spills these days. Most recent stats I could find come from the EIA website, here are the sources of oil in our waters: 63% from natural seepage from ocean floors. 32% from user, power boating, jet skis, etc. 2% from ships and barges. 1% from pipelines. 1% from drilling activites These figure were a summation of findings from 1990 to 1999, since 1999 there has been many additional improvements in drilling tech. Of interest logs from Spanish Galleons in the 1600's, that sailed from Mexico, mentioned sailing for 3 days to get through oil slicks, way before there were any oil companies extracting resources in the GOM. There is absolutely no sound environmental reasons not be exploring for oil and gas off all our shores. Dave.

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