your a stubborn retard, 1/3 of the are is Offshore florida. That's been totally closed for 30 years = billions of barrells and trillions of dollars sent to your buddies in the middle east ya freaking terrorist supporter.
Wow, I finally had time to check up on this. I've been out of the industry for a decade, and we always considered the eastern gulf to be a crap play. Nothing to get excited about. But, things change.
Well, I got a hold of the 2006 MMS reserves estimates for the eastern gulf. The eastern gulf is total crap. 3 billion barrels of technically recoverable oil. That's tiny. The big boys aren't going to get excited about that. That's nothing compared to the deep water plays, the outershelf subsalt plays, and the central and western gulf. And technically recoverable is always more than the amount that's economically recoverable. So, the amount of oil that could feasibly be produced is likely far less than three billion barrels. There's a fair amount of natural gas, like 10 TCF estimated, but we weren't talking about natural gas. Natural gas doesn't form slicks or kill wildlife.
Oh, another thing. Almost all the estimated hydrocarbons in the eastern gulf are anticipated to be in
deep water. Not up on the inner shelf in shallow water. There's not jack shit in the shallow water eastern gulf. Check it out....
So, topper my oil patch guru, you owe me some props for being correct on every single assessment I made in this entire thread, and also for making Dixie cry like a girl.
1) Tree huggers never made oil barons go into deep water. Oil barons themselves wanted to go there.
2) In spite of Dixie's uninformed claims that we should just drill shallow water, there ain't any substantial or huge fields left there. It's all small or middling fields. Most of which are highly mature and simply subject to production drilling. With the odd outpost well here and there.
3) You owe me a brew or a joint, my cajun brother. You would totally own me on accounting. And you make me look like an idiot on stocks. Cheers mate. But don't ever try to play arm chair oil finder again.
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I can see why floridians don't want drilling in the shallow water off their coast.
500 million barrels of technically recoverable oil in shallow water? Depending on water saturation and recovery rates, that probably means less than 250 million barrels of oil that is recoverable feasibly and economically at a profit.
250 million barrels of oil is about 10 days supply for the united states.
Why the fuck would they risk their beaches, wildlife, and tourism industry for ten days worth of oil?