Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (1300)	8/8/2008 3:48:15 PM
From: J_F_Shepard	Read Replies (2) \| Respond to of 86355

"If someone has said something about some offshore locations being able to produce new oil in less than a year, it could be someone has been told that by folks in the know." Or more likely, not in the know..... I rely on the DOE.....not the Big Oil reps.... "I do know its possible that its true if there are newly leasable areas w/i 6-7 miles of an existing offshore CA platform (of which there are a bunch). You could definitely drill such a target from an existing platform in that time frame." In one of my recent posts I linked to a Big Oil site which detailed the time required find and bring in a well...... From:http://siliconinvestor.com/readmsg.aspx?msgid=24821058 "The process of leasing, evaluating, drilling, and developing an oil or natural gas field typically takes five to ten years. Some fields come online sooner. Others are delayed by permitting or regulatory delays or constraints in the availability of data acquisition and drilling equipment and crews. Large projects and those in deep water may require a decade or more to ramp up to full production."