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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (9198)9/11/2006 5:29:26 PM
From: elmatador  Read Replies (2) | Respond to of 219424
 
On top of that: A House bill that passed 232-187 in June lifts a quarter-century federal moratorium on offshore drilling, allowing rigs within 100 miles of U.S. coastlines. States could permit drilling within 50 miles of their coasts and would receive up to 75 percent of drilling royalties - an astounding increase over the current 2 percent share to Gulf states that could worsen the federal deficit.

The thing is going to get moving.



To: elmatador who wrote (9198)9/11/2006 6:03:25 PM
From: 8bits  Read Replies (2) | Respond to of 219424
 
"First major oil find in the US since the Prudhoe Bay field discovery in Alaska in the mid-1960s..."

An important discovery yes, but very challenging and it won't come on line for years... the oil peak as it were may have a very long plateau which would enable other technologies such as CTL and, your favorite ethanol, to come into play without much damage to the global economy..


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