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

To: Road Walker who wrote (1945)8/23/2008 10:38:19 AM
From: Brumar89  Read Replies (1) | Respond to of 86356
 
I take it you're opposed to the bill your Presidential candidate Obama introduced to repeal the comprehensive inventory of OCS resources?

SEC. 101. TERMINATION OF CERTAIN PROVISIONS OF THE ENERGY POLICY ACT OF 2005.
(a) In General- The following provisions of the Energy Policy Act of 2005 are repealed as of the date of enactment of this Act:
(1) Section 343 (42 U.S.C. 15903) (relating to marginal property production incentives).
(2) Section 344 (42 U.S.C. 15904) (relating to incentives for natural gas production from deep wells in the shallow waters of the Gulf of Mexico).
(3) Section 345 (42 U.S.C. 15905) (relating to royalty relief for deep water production).
(4) Section 346 (Public Law 109-58; 119 Stat. 794) (relating to Alaska offshore royalty suspension).
(5) Section 357 (42 U.S.C. 15912) (relating to comprehensive inventory of OCS oil and natural gas resources).
govtrack.us



To: Road Walker who wrote (1945)9/4/2008 6:17:05 PM
From: TimF  Read Replies (1) | Respond to of 86356
 
That would give us a much better idea of how much oil is there, but its a very strong egaggeration to say "There's a way to find out how much oil waits on the U.S. continental shelf."

Even after such surveys, exploration gives a more detailed picture, but even after that you don't get a real solid idea until you've actually been in production for a long time, and even then estimates change.


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