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View Diary: BP Hearing - What The Traditional Media Did Not Report (210 comments)

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  •  outlook not good in the long term (1+ / 0-)
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    You are probably right that the wells that are in the queue will get drilled faster. The long term outlook on deep water drilling is slowing down. The industry was gearing up to put deepwater oil fields into production. Coastal states were going along with the plans because the platforms would have been almost too distant to see from land. California and New Jersey are just the first two to put a hold the the plans.

    With the blame-game finger pointing going on in Congressional investigations, the public will demand that the industry get the safety technology working before they use the new drilling technology. Could take years and make production not so profitable.

    "As God is my witness, I thought turkeys could fly."- Arthur Carlson

    by bobinson on Wed May 12, 2010 at 03:01:45 PM PDT

    [ Parent ]

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