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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (392426)	6/19/2008 10:29:06 AM
From: Brumar89	Read Replies (1) \| Respond to of 1578485

It certainly sounds like hysteria to me, but I acknowledge you've come around. I live within a few miles of some of the best beaches in the country, and a whole lot of people's livelihood depends on those beaches. I understand that concern. In 1969 Union Oil had a spill off Santa Barbara that led to the OCS drilling ban. Oiled some birds, made for very bad tv. And Chevron had some similar problems the next yr offshore Louisiana. BTW the Santa Barbara area still has offshore production and new production wells get drilled from existing platforms there every now and then. All the leasing ban did was prevent new leases. The existing leases in place at the time continue and are being produced - any more despoilization since 1969? Santa Barbara channel has had continued production since 1969 - that oughta be evidence production can take place w/o environmental catastrophes. And also consider the hurricanes that went right through the GOM filled with drilling rigs and platforms a few yrs back with no significant spill problems. Consider the offshore industry only began after WWII. The industry has gotten better since 1969. For sure we should enact "use it or lose it" on the oil leases. I know you love the oil companies and think they are doing everything they can to bring on additional production; I don't share your confidence. Use it or lose it is the law. Its not a matter of loving oil companies. Its a matter of knowing where their economic incentives are.