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

To: i-node who wrote (400137)	7/19/2008 6:43:28 PM
From: tejek	Read Replies (1) \| Respond to of 1578168

What I have heard on CCs for oil service companies is that there is a year to 2 year backlog in rigs. I don't know about a "backlog", but rigs can be built in the two year time frame easily if there is a commitment to it. You have to get government out of the way and create incentives to do it, however. Gov't has nothing to do with the shortage of rigs in this country. Why would you bring that up? Its just more of the right's crazy spin. Stupid!

To: i-node who wrote (400137)	7/19/2008 7:12:19 PM
From: steve harris	Read Replies (1) \| Respond to of 1578168

I think it would be very interesting if liberal democrats would clearly state say why they are so hell bent against drilling that they go through all of these twists, and turns, and outright lies to block any help for Americans.

To: i-node who wrote (400137)	7/19/2008 7:30:45 PM
From: bentway	Respond to of 1578168

"I don't know about a "backlog", but rigs can be built in the two year time frame easily if there is a commitment to it. You have to get government out of the way and create incentives to do it." Dave! What happened to "months"? Are you backpedaling in the face of the backlog? And INCENTIVES! Where's the "free market"?

To: i-node who wrote (400137)	7/19/2008 8:42:36 PM
From: tejek	Respond to of 1578168

This is typical: "Noble Corp. has secured a Memorandum of Understanding for contracts with a total revenue potential of roughly $4 billion over 29 rig years on its five deepwater rigs currently operating offshore Brazil for Petroleo Brasileiro SA (Petrobras). Upon execution, these new contracts could increase Noble’s total backlog to more than $10 billion. Potential revenue includes a one-year option on the Noble Paul Wolff and paid shipyard time during upgrades on three drillships and assumes earning the full amount of all performance bonuses. The contracts are subject to the approval of Petrobras’ top management." ogfj.com