SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Brumar89 who wrote (404475)8/5/2008 1:30:33 PM
From: tejek  Read Replies (2) | Respond to of 1575464
 
I don't know. As I've mentioned before, if there are leasable areas w/i about 6 miles of existing offshore CA platforms (and theres a few dozen of these) then new production there could begin quickly - within a year or less. If someone who has knowledge of these platforms and the acreage around them has told McCain that, its believable. Otherwise it would take 5-10 years.

So then, drilling our way out is not an immediate solution and is really only a good solution if we expect to be heavily addicted to oil over the next 10 years. Would you agree with that statement?