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To: Snowshoe who wrote (69667)	6/16/2008 10:32:45 PM
From: Elroy Jetson	Read Replies (4) \| Respond to of 74559

A President's authority only extends so far. I think you'll need much higher prices to make offshore California drilling a reality. Hypothetically, if Chevron got a green light today, it would take four to six years to produce the offshore fields. There are existing offshore support facilities in Santa Barbara, but Chevron would prefer something closer to Morro Bay which would greatly reduce the transport time. This site got a resounding no when I tried, and I'm pretty good at obtaining approvals - although I could see the answer would be no before hand. As you mentioned it's very high quality oil. Is it a significant size? Yes very much so in terms of the US. But is it enough to fix the world market? No. To fix the imbalance, China and India (and perhaps some others) need to build more $3 billion each heavy/sour crude refineries. Are US oil firms lining up to do so? Absolutely not. It's better economically if someone else does it. Chevron built Pascagoula during the last oil crisis and I don't think you'll see them lining up again to do that. .

To: Snowshoe who wrote (69667)	6/17/2008 12:47:59 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

Why Chevron will suffer: "Florida officials have opposed Chevron every step of the way, and Chevron has sued the federal government over the delay in making a decision." they will use all kinds of dirty tricks to sabotage Chevron! When people in Florida talk about the environmental effect of drilling, they usually mean they fear a massive oil spill will ruin the beaches, kill the wildlife and drive off the tourists. "It is without question in most Floridians' minds that the possibility of an oil spill would be a devastating economic blow -- a spike right to the heart -- of a $50-billion-a-year tourism industry," U.S. Sen. Bill Nelson, D-Fla., said during congressional debate over Area 181 last month. sptimes.com Do you know they framed senator Craig from Idaho becaise he advocated drilling in FLA?