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It Begins… First Oil Rig Relocates From Gulf to Foreign Waters
Gateway Pundit ^ | July 10, 2010 | Jim Hoft

Posted on 07/11/2010 9:07:10 AM PDT by opentalk

Diamond Offshore announced on Friday that it will be the first company to relocate one of its oil rigs from the Gulf of Mexico to Egyptian waters due to the Obama Administration’s ban on drilling. Chron.com reported:

Diamond Offshore announced Friday that its Ocean Endeavor drilling rig will leave the Gulf of Mexico and move to Egyptian waters immediately — making it the first to abandon the United States in the wake of the BP oil spill and a ban on deep-water drilling.

And the Ocean Endeavor’s exodus probably won’t be the last, according to oil industry officials and Gulf Coast leaders who warn that other companies eager to find work for the now-idled rigs are considering moving them outside the U.S.

Devon Energy Corp. had been leasing the Endeavor to drill in the same region of the Gulf as BP’s leaking Macondo well, which has been gushing crude since a lethal blowout April 20.

But Diamond announced Friday it will lease the rig through June 30, 2011, to Cairo-based Burullus Gas Co., which plans to send the Endeavor to Egyptian waters immediately.

Devon is one of three companies that has cited the deep-water drilling ban in trying to ease out of contracts to lease Diamond rigs. Diamond, a drilling company, said it expects to make about $100 million from the deal, including a $31 million early termination fee it recovered from Devon.

On May 27, President Obama instituted a six-month moratorium on all drilling in water depths greater than 500 feet and stopped work on 33 Gulf deepwater exploration rigs, except under special circumstances. The president’s decision will force tens of thousands of Gulf Coast employees to lose their jobs.



TOPICS: Business/Economy
KEYWORDS: 7dollargas; bho44; bhofascism; bp; capandtrade; deepwaterdrilling; democrats; domesticoil; drillheredrillnow; economy; energy; fail; gasprices; gulf; obama; offshoredrilling; oil; oilspill; unemployment

1 posted on 07/11/2010 9:07:11 AM PDT by opentalk
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To: opentalk

I guess the Luddites are making a comeback. Welcome to the 19th century America, pre industrial revolution.


2 posted on 07/11/2010 9:10:41 AM PDT by Former Proud Canadian (How do I change my screen name now that we have the most conservative government in the world?)
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To: opentalk

So 82 days from start of leak and these duds cut and run. BYE!!! Actually was probably planned for months.


3 posted on 07/11/2010 9:18:33 AM PDT by org.whodat
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To: org.whodat
from link in article

Dan Pickering, a financial analyst with Tudor, Pickering Holt & Co. Securities, said the legal uncertainties surrounding the ban - and the administration's plan to issue a new, revised moratorium - ensure that no companies will resume deep-water drilling in U.S. waters anytime soon.

"Are you really going to spend $5 million … getting ready to drill a well that someone would then probably block you from drilling?" Pickering said.

This is a big hit to jobs and economy, Seems like Obama is working for someone else.

4 posted on 07/11/2010 9:25:14 AM PDT by opentalk
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To: org.whodat
"So 82 days from start of leak and these duds cut and run. BYE!!! Actually was probably planned for months."

I guess you are in the dark about Obama's moratorium on Gulf drilling? Until all the appeals have been exhausted ain't nobody gonna drill out there in the deep water. You'd be a fool to do so. Money down the drain!

5 posted on 07/11/2010 9:34:28 AM PDT by avacado
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To: opentalk

Worst President, Ever. Worst Congress, Ever.


6 posted on 07/11/2010 9:34:28 AM PDT by Psycho_Bunny (Hail To The Fail-In-Chief)
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To: opentalk
and so it begins...
7 posted on 07/11/2010 9:38:23 AM PDT by Chode (American Hedonist *DTOM* -ww- NO Pity for the LAZY)
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To: opentalk
This is a big hit to jobs and economy, Seems like Obama is working for someone else.

As well as more dependency on foreign oil (like George Soros Brazilian company, for example).

8 posted on 07/11/2010 9:40:17 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: opentalk; M. Espinola; Travis McGee; LomanBill; Smokin' Joe; DvdMom; blam; FromLori; Quix
BP Disaster Was Engineered As Part of 0bama Cap 'N Trade Plan

With help from Goldman Sachs, BP's CEO Tony Hayward, Halliburton and other major players . . . Everything stinks to high heaven of rancid conduct and toxic fumes.

9 posted on 07/11/2010 9:45:32 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: ex-Texan
The dragging of feet on cleanup and medial blackouts are disturbing.

It has been reported BP helped write cap and trade bill, BP Sutherland is Chairman of Goldman Sachs International, Goldman Sachs is part of Crime Inc and Chicago climate exchange (Glenn beck)

link Sutherland

Before being appointed Chairman, Sutherland was a BP board member from 1995 and also a director from 1990 to 1993, when he resigned to take the top job at the General Agreement on Tariffs and Trade (GATT), the precursor to the WTO.

Sutherland, who is also a financial adviser to the Vatican, remains Chairman of Goldman Sachs International and plans to remain involved in international affairs. He is a passionate advocate of globalisation and the European Union.

10 posted on 07/11/2010 10:04:55 AM PDT by opentalk
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To: opentalk

Ban Obamao.


11 posted on 07/11/2010 10:15:02 AM PDT by pallis
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To: ex-Texan; opentalk; M. Espinola; Travis McGee; LomanBill; Smokin' Joe; DvdMom; blam; Quix

Did you see these?

http://beforeitsnews.com/story/98/554/DOOMSDAY:_How_BP_Gulf_disaster_may_have_triggered_a_WORLD-KILLING_event.html

http://canadafreepress.com/index.php/article/25147


12 posted on 07/11/2010 10:44:28 AM PDT by FromLori (FromLori)
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To: opentalk

Let’s increase the wealth of Middle Eastern States and decrease the wealth of America - precisely what Obama is doing. Goodbye to those jobs - yeah give them to the Egyptians, they need to feel good about themselves, you know how the Muslims are, they are sensitive and unsure of their place in history and it his Obama’s self appointed task to build their self esteem. He has even enlisted NASA to execute on this important function.

He is stupid.


13 posted on 07/11/2010 10:52:57 AM PDT by Titus-Maximus (Light from Light)
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To: FromLori

save for later


14 posted on 07/11/2010 11:05:16 AM PDT by quintr
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To: FromLori
I saw those reports early today. It looks like BP controls our government. Video: Huge BP Fraud Exposed in Public Hearings !

Dispersants Merely Hide Oil -- Workers Sickened, Ordered Not to Use Protective Gear

As I said before: BP must our government.

15 posted on 07/11/2010 11:56:23 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: opentalk

ohscumbag and his creatons are snickering and rubbing thier hands together in a dark corner of the room. The generated crisis they have created has begun to bare fruit. They killed an industry, killed thousands of jobs and created thousands of government dependents, killed the fisheries for decades and are now poisoning them and possibly all of us with coexit


16 posted on 07/11/2010 1:03:22 PM PDT by ronnie raygun (@#$^%$#!@$#!&*&%)
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To: FromLori
Such occurrences can lead to the rupture of the methane bubble containment—it can then permit the methane to breach the subterranean depths and undergo an explosive decompression as it catapults into the Gulf waters

Wow. They didn't have drugs like that when I was in college.

"Methane bubble containment"?

In most oil bearing reservoirs, the natural gas is dissolved in the oil. As the pressure drops, any which forms bubbles does so in tiny pore spaces in the rock which makes up the reservoir.

To ressurect a former analogy, fill a glass with marbles. You now have a reservoir, much like the sandstone or fragmental limestone which makes up most of the reservoirs in the world, just larger particles than most, larger pores, and a lot less pressure. To get an idea how bubbles work in a reservoir, pour clear pop in the glass with the marbles. As the pop warms, the carbon dioxide will come out of solution (it was dissolved in the pop) and the bubbles will work their way to the surface. You will also be able to see them in the pore spaces between the marbles.

In some reservoirs, the spaces between the grains of rock are much, much smaller than the space between the marbles, and sudden pressure drops will cause these bubbles to block the flow of liquid through the spaces connecting the pores. THis does not cause an explosion, because the pressure is lower than before, not higher. Instead, this works like the bends in a human, blocking the flow of fluid, and stopping the reservoir from producing (in a human, nitrogen bubbles stop blood from circulating to the affected areas). Although over a long time, the pores near the top of the layer of reservoir rock may be filled more with gas than oil because the gas expands as the pressure drops and pushes the oil out (if you set up your production equipment right), it is still isolated in the pore spaces, and not one contiguous bubble.

Evidence abounds of entire reservoirs having vented to the surface in the past, but as seeps, not expolsive eruptions from 13,000 feet below the surface (in this case, the seabed).

RE: the Canada Free Press article:

I won't argue that there are those who seek to profit immensely from the blowout, from the petty scammers looking to cash in on 'compensation' funds to the Chicago Carbon Exchange players who want to turn their worthless 'carbon credits' into trillions of dollars through the opportunistic passage of legislation or regulations which will require additions to carbon allotments or somesuch, even though the allegedly scientific 'support' for the scheme has been shown to be fraudulent.

Nor do I, as a North Dakotan, underestimate the potential impact such a redistribution of wealth or energy restrictions would have on poorer people who live in areas where winter is potentially lethal in just a few hours, for months at a time. People I have known froze to death when energy was cheap and plentiful, before attempts to regulate how much we use arose.

I believe these parasites are attempting to cash in on a crisis to the great detriment of us all, but I do not believe there is a conspiracy at the root of the disaster. I just think the people trying to exploit that disaster are taking advantage of an opportunity provided by someone's bad judgement and the misfortune of many.

17 posted on 07/11/2010 1:31:21 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: opentalk

It’s going to be something interesting to see the envirowhackos and their government goonies try to put a positive spin on twenty dollars-a-gallon gas, double-digit prices for even the simplest foodstuff, hundreds of unemployed, etc etc etc.

Couple this, plus the coming inflation, plus government controls to fix a government problem and that’s our future.


18 posted on 07/11/2010 5:09:48 PM PDT by RWB Patriot ("My ability is a value that must be purchased and I don't recognize anyone's need as a claim on me.")
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To: opentalk
My god man, setting the anchors cost tens of thousands of dollars and actually the process to get ready takes months, it is the same for moving one , it takes months. They were planning moving this rig for months because someone else had been planning on using it and the current lessors time had expired.
19 posted on 07/12/2010 5:18:56 AM PDT by org.whodat
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To: Titus-Maximus
Let’s increase the wealth of Middle Eastern States and decrease the wealth of America - precisely what Obama is doing.


20 posted on 07/12/2010 7:37:34 AM PDT by opentalk
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To: FromLori; opentalk; M. Espinola; Travis McGee; LomanBill; Smokin' Joe; DvdMom; blam; Quix
There is almost a total news blackout in the Gulf. Our lazy news media do not have a clue for the most part. Dumbed down dummies report to an ever dimmer public. 'Dancing With the Stars' mentality prevails. I'm glad I do not reside down there where toxic fumes from deep within the earth accumulate daily. Benzine and methane other toxic gasses. Cough, cough, LOL !

Video: Journalist Being Blocked From Reporting On Growing Health Crisis In Gulf

21 posted on 07/12/2010 9:02:19 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: FromLori; ex-Texan
U.S. Navy Evacuates Gulf of Mexico, On Route To Costa Rica.

link

22 posted on 07/12/2010 9:05:07 AM PDT by opentalk
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To: ex-Texan

“And the Truth will [redacted]”


23 posted on 07/12/2010 9:07:32 AM PDT by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: ex-Texan
I'm glad I do not reside down there where toxic fumes from deep within the earth accumulate daily. Benzine and methane other toxic gasses.

Well, without all the arm-waving and gum-flapping of the media, I reckon the breeze is a few knots shy at that. Better get 'em down there to blow all that offshore again...

24 posted on 07/12/2010 9:10:04 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: opentalk

MOST of the deep-water drilling IS NOT being done in the Gulf of Mexico. Brazil’s Petrobras, the world’s 3rd largest oil company, owns or controls 80% of the deepwater rigs. In the Tipa field, they are drilling at depths far greater than the 5,000 feet of the Deepwater Horizon.

Which is OK with so-called environmental groups and major Petrobras stakeholder George Soros.


25 posted on 07/13/2010 7:16:06 AM PDT by cookcounty ("Today's White House reporters seem one ball short of a ping pong scrimmage.")
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To: org.whodat
CUT AND RUN? What the hell do YOU think we should do with a half a million dollar a day rig? Sit there with our thumbs up our a$$ while Washington decides what to do? Should we do this to keep people like YOU happy??
26 posted on 07/13/2010 7:20:01 AM PDT by HoustonCurmudgeon ("I'll try to be NICER, if you will try to be SMARTER!" ~ MNJohnnie, FReeper)
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