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Posted by: Gransater 1 year, 2 months ago
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Gransater1 year, 2 months ago
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I agree with just about all you are saying.
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One of the problems with that idea though, is that we don't have neighter enough qualified personnel, or equipment to make a serious dent in how fast we can produce additional oil. Refinery capacity is also a major obstacle.
As to the prices coming down, because more drilling, it will not have that great of an impact. Crude supposedly is sold on the open market, to anyone able to pay.
Worldwide. If we start with rationing for domestic purposes only, that can possibly have consequenses on things we buy outside of the country that we are unable to deal with, on a short term basis.
Our bed is made, and untill we change the sheets, so to speak, we will have challenges to deal with. As you say, drilling alone isn't the answer.-
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Nowalive1 year, 1 month ago
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Actually Gran we do. All that needs to be done is recall all of our drillers and refiners from around the world that are building and running the wells and refineries of foreign countries. Bring back all the men and women that are training the rest of the world and watch how fast we can get it done.
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Additionally if we leave the oil wells and refineries to the Iraqis, Kuwaitis, Saudis, et al within a few years they would be in such a state of disrepair that our oil workers would be the highest paid maintenance men in the world!-
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Gransater1 year, 1 month ago
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Late reply.
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Yes, we have a lot of people scatered out there. Once they come home, what equipment are they going to use? Currently we are building and finishing up about 3-5 rigs per month, land, and maybe 1 a month for offshore. Most rigs built nowdays, are actually being built in other countries, causing some conflicts with our domestic equipment. Metric don't mix well with our stuff.
As to the fast breakdown of foreign oil related equipment, I' sure a lot of current oil field people wouldn't mind, even if they for the most part allready ARE the highest paid worldwide. Also, don't discount the high number of europeans that have expertise similar to ours.
I still maintain that it would take us quite a while to get online in a major significant way to find and extract additional resourses.-
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Nowalive1 year, 1 month ago
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Gran
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There are several new areas already being developed here in Pennsylvania, that within 2 years could have oil to the market.
In the Texas oil fields 25 new wells were sunk over the past year and that oil in already in the pipeline.
The supply is not the problem. As you stated, it is the refining capacity. We need Congress to allow idle refineries to be brought back online. These refineries (20 +) could be restarted and producing inside 5 years.
When given the challenge (like the space program) Americans can achieve wondrous results.
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