Posted on 03/12/2011 11:00:38 PM PST by Libloather
US clears more deepwater oil drilling in Gulf
US allows BHP Billiton to resume deepwater drilling in Gulf of Mexico; 2nd permit in 2 weeks
On Saturday March 12, 2011, 1:09 pm EST
NEW ORLEANS (AP) -- The U.S. government is allowing deepwater drilling to resume on another Gulf of Mexico well as the region recovers from BP's devastating oil spill.
BHP Billiton PLC said Saturday that the permit will allow it to get back to work in its Shenzi field, located about 120 miles off Louisiana's coast. The well, about 4,300 feet below the surface, began production in March 2009, but drilling stopped last year amid the backlash to an April 2010 blowout of a BP PLC well in the Gulf of Mexico. The explosion resulted in the worst offshore oil spill in U.S. history, raising questions about the safety of deepwater drilling.
**SNIP**
They're the first permits to be granted in the Gulf since the agency imposed a moratorium on exploration in waters deeper than 500 feet last June. The moratorium was lifted in October, but deepwater drilling couldn't resume without government clearance.
Oil industry executives and some U.S. lawmakers had already been pressing regulators to issue new permits before a recent spike in oil prices magnified the pressure. The first new permit came the week after oil prices surpassed $100 per barrel and gasoline prices soared to their highest level in two and a half years.
(Excerpt) Read more at finance.yahoo.com ...
And because, “Bill Clinton thinks drilling delays ‘ridiculous’” article.
Unrelated factoid:
According to the Christian radio station I listen to, going by a recent poll, 65% of NON Christians support his re-election.
Nice “demographics” he’s got there.
[and very revealing, IMO]
The list, ping
Let me know if you would like to be on or off the ping list
How about some shallow water drilling without the penalties?
Deep drilling rigs have all moved out of the Gulf. Won’t be back for 5 to 10 years.
They aren’t “drilling permits”, they’re resumption of drilling permits.
“US clears more deepwater oil drilling in Gulf (2nd permit in 2 weeks)”
Don’t hold you breath. You may see the longest two weeks in the history of the world. Barack Hussein prefers bicycles and windmills to internal combustion power.
Bicycles certainly have their place (Tour de France, for instance) and so do windmills (among the tulips in May) but so do internal combustion engines, for they power our world.
The kind of power BamBam stands for is right out of Hell.
You've got it. The teleprompter will read, "... and we've accelerated the permitting process to enable America to use American technology and resources to safely reduce our dependence on unstable foreign oil..."
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