Big Oil races to drill deep in the Gulf of Mexico - GoFuckYourself.com

BFT3K · 06-12-2010, 02:11 PM

Interesting chart...

http://money.cnn.com/news/storysuppl...n_bin&hpt=Sbin

mozadek · 06-12-2010, 02:13 PM

This will be Obama's waterloo.

Amputate Your Head · 06-12-2010, 02:16 PM

Arizona will be his Alamo.

dyna mo · 06-12-2010, 02:25 PM

they have to meet demand somehow. they can't just click their heels together and shit oil.

scarlettcontent · 06-12-2010, 02:49 PM

they should be investing in solar energy and hydrogen energy etc, not screwing the planet even more! OMG

mozadek · 06-12-2010, 03:07 PM

Quote:

Originally Posted by Amputate Your Head

Arizona will be his Alamo.

baddog · 06-12-2010, 03:31 PM

Quote:

Originally Posted by scarlettcontent

they should be investing in solar energy and hydrogen energy etc, not screwing the planet even more! OMG

You can not just "turn off" the dependency on oil.

dyna mo · 06-12-2010, 03:34 PM

global demand for oil is expected to rebound significantly over the next several years, particularly in developing economies.

Global energy demand is expected to rise 40% over the next two decades, with fossil fuels accounting for the majority of that increase, according to a 2009 report from the International Energy Agency.

And the industry is banking on that demand growth. Oil companies will spend a total of $167 billion over the next four years on deepwater projects around the world, up 37% over the previous four years, according to Douglas Westwood.

By 2020, the group forecasts that deepwater production will rise to over 2 million barrels per day from just under 1.8 million barrels per day. At that level, deepwater production would represent more than half of total offshore production.

bronco67 · 06-12-2010, 04:13 PM

Quote:

Originally Posted by dyna mo

global demand for oil is expected to rebound significantly over the next several years, particularly in developing economies.

Global energy demand is expected to rise 40% over the next two decades, with fossil fuels accounting for the majority of that increase, according to a 2009 report from the International Energy Agency.

And the industry is banking on that demand growth. Oil companies will spend a total of $167 billion over the next four years on deepwater projects around the world, up 37% over the previous four years, according to Douglas Westwood.

By 2020, the group forecasts that deepwater production will rise to over 2 million barrels per day from just under 1.8 million barrels per day. At that level, deepwater production would represent more than half of total offshore production.

hopefully they'll invest a few billion dollars in contingency plans, in case another leak springs up.

dyna mo · 06-12-2010, 05:14 PM

Quote:

Originally Posted by bronco67

hopefully they'll invest a few billion dollars in contingency plans, in case another leak springs up.

wouldn't that be nice!

sperbonzo · 06-12-2010, 07:38 PM

Quote:

Originally Posted by scarlettcontent

they should be investing in solar energy and hydrogen energy etc, not screwing the planet even more! OMG

They are in the oil business....

Are you investing in laundry services, and 7/11s?

.

The Oil drilling and refining business is in NO WAY related to solar and hydrogen energy.... sorry.

.

roly · 06-13-2010, 02:03 AM

Quote:

Originally Posted by bronco67

hopefully they'll invest a few billion dollars in contingency plans, in case another leak springs up.

as long as there's deep water drilling, there will allways be the risk of spills.

onwebcam · 06-13-2010, 02:10 AM

Quote:

Originally Posted by scarlettcontent

they should be investing in solar energy and hydrogen energy etc, not screwing the planet even more! OMG

You mean like Beyond Patroleum? Hmm interesting thought.. You would have thought they would have thought of it before. I would have to somewhat agree since they are using 1979 techniques to control the spill. You would have thought they learned something since then.

SGS · 06-13-2010, 02:24 AM

We will be using oil until the very last drop has been squeezed from the planet. Fact.

06-12-2010, 02:11 PM	#1
BFT3K Too lazy to set a custom title Industry Role: Join Date: Dec 2005 Location: Narnia Posts: 10,764	Big Oil races to drill deep in the Gulf of Mexico Interesting chart... http://money.cnn.com/news/storysuppl...n_bin&hpt=Sbin

06-12-2010, 02:16 PM	#3
Amputate Your Head There can be only one Industry Role: Join Date: Aug 2001 Location: Somewhere else Posts: 39,075	Arizona will be his Alamo. __________________ SIG TOO BIG

06-12-2010, 02:49 PM	#5
scarlettcontent www.scarlettcontent.net Industry Role: Join Date: Mar 2006 Location: Pleiades Posts: 6,031	they should be investing in solar energy and hydrogen energy etc, not screwing the planet even more! OMG __________________ Scarlett Content - Adult Content Provider - High Quality Adult Stock Content for your Websites, Mobile Media and Print. Over 3 Million Images (14,000 photo sets) over 5000 Videos - Many Niches, US-2257, Awesome Prices. Over 40 years in the adult industry. [email protected] Follow us on twitter.

06-13-2010, 02:24 AM	#14
SGS Confirmed User Industry Role: Join Date: Dec 2002 Location: Mallorca - Nottingham Posts: 5,176	We will be using oil until the very last drop has been squeezed from the planet. Fact. __________________ See sig...

06-12-2010, 02:13 PM	#2
mozadek Confirmed User Join Date: Feb 2008 Posts: 1,325	This will be Obama's waterloo.

06-12-2010, 02:25 PM	#4
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 64,442	they have to meet demand somehow. they can't just click their heels together and shit oil.

06-12-2010, 03:34 PM	#8
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 64,442	global demand for oil is expected to rebound significantly over the next several years, particularly in developing economies. Global energy demand is expected to rise 40% over the next two decades, with fossil fuels accounting for the majority of that increase, according to a 2009 report from the International Energy Agency. And the industry is banking on that demand growth. Oil companies will spend a total of $167 billion over the next four years on deepwater projects around the world, up 37% over the previous four years, according to Douglas Westwood. By 2020, the group forecasts that deepwater production will rise to over 2 million barrels per day from just under 1.8 million barrels per day. At that level, deepwater production would represent more than half of total offshore production.